There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Phunware (PHUN – Research Report) and BM Technologies (BMTX – Research Report) with bullish sentiments.
Phunware (PHUN)
Ascendiant analyst Edward Woo maintained a Buy rating on Phunware on March 27 and set a price target of $4.50. The company’s shares closed last Tuesday at $0.70.
According to TipRanks.com, Woo is a 1-star analyst with an average return of
Phunware has an analyst consensus of Strong Buy, with a price target consensus of $2.67, representing a 281.8% upside. In a report issued on March 24, H.C. Wainwright also maintained a Buy rating on the stock with a $2.50 price target.
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BM Technologies (BMTX)
In a report released yesterday, Michael Diana from Maxim Group reiterated a Buy rating on BM Technologies. The company’s shares closed last Tuesday at $3.34.
According to TipRanks.com, Diana is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BM Technologies with a $9.50 average price target.
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Read More on PHUN:
- Phunware price target lowered to $2.50 from $3.50 at H.C. Wainwright
- Phunware Reports Full Year 2022 Financial Results
- Phunware Sets Fourth Quarter and Full Year 2022 Earnings Call for Thursday, March 23, 2023 at 4:30 p.m. ET
- Phunware Sets March 2023 Financial Events Schedule
- Phunware announces contract expansion with VHC Health
