Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Ouster (OUST – Research Report), New Relic (NEWR – Research Report) and Fastly (FSLY – Research Report).
Ouster (OUST)
In a report released today, Richard Shannon from Craig-Hallum maintained a Buy rating on Ouster. The company’s shares closed last Wednesday at $5.69, close to its 52-week low of $3.21.
According to TipRanks.com, Shannon is a 3-star analyst with an average return of
Ouster has an analyst consensus of Moderate Buy, with a price target consensus of $2.19, which is a -62.2% downside from current levels. In a report issued on May 12, Cantor Fitzgerald also resumed coverage with a Buy rating on the stock.
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New Relic (NEWR)
D.A. Davidson analyst Gil Luria reiterated a Buy rating on New Relic today and set a price target of $100.00. The company’s shares closed last Wednesday at $83.84, close to its 52-week high of $86.00.
According to TipRanks.com, Luria is a 5-star analyst with an average return of
New Relic has an analyst consensus of Moderate Buy, with a price target consensus of $88.33.
Fastly (FSLY)
In a report released today, James Fish from Piper Sandler maintained a Hold rating on Fastly, with a price target of $14.00. The company’s shares closed last Wednesday at $13.27.
According to TipRanks.com, Fish is a 4-star analyst with an average return of
Fastly has an analyst consensus of Hold, with a price target consensus of $16.39, which is a 27.4% upside from current levels. In a report issued on May 4, Credit Suisse also maintained a Hold rating on the stock with a $14.00 price target.
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