Analysts Offer Insights on Technology Companies: Toast Inc (TOST), Kornit Digital (KRNT) and Oracle (ORCL)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Toast Inc (TOST – Research Report), Kornit Digital (KRNT – Research Report) and Oracle (ORCL – Research Report).

Toast Inc (TOST)

Mizuho Securities analyst Dan Dolev maintained a Buy rating on Toast Inc today and set a price target of $27.00. The company’s shares closed last Monday at $23.18.

According to TipRanks.com, Dolev is a 1-star analyst with an average return of -2.2% and a 47.8% success rate. Dolev covers the Technology sector, focusing on stocks such as SoFi Technologies, Upstart Holdings, and Coinbase Global.

Currently, the analyst consensus on Toast Inc is a Moderate Buy with an average price target of $23.31, representing a 4.8% upside. In a report issued on June 2, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $26.00 price target.

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Kornit Digital (KRNT)

Barclays analyst Tavy Rosner assigned a Hold rating to Kornit Digital yesterday and set a price target of $28.00. The company’s shares closed last Monday at $28.40.

According to TipRanks.com, Rosner is a 4-star analyst with an average return of 9.3% and a 51.4% success rate. Rosner covers the Technology sector, focusing on stocks such as Sapiens, Amdocs, and Ceva.

Kornit Digital has an analyst consensus of Hold, with a price target consensus of $29.00, which is a 4.5% upside from current levels. In a report issued on June 8, Craig-Hallum also assigned a Hold rating to the stock.

Oracle (ORCL)

In a report released today, Raimo Lenschow from Barclays maintained a Hold rating on Oracle, with a price target of $126.00. The company’s shares closed last Monday at $116.43, close to its 52-week high of $117.51.

According to TipRanks.com, Lenschow is a 5-star analyst with an average return of 8.9% and a 53.5% success rate. Lenschow covers the Technology sector, focusing on stocks such as The Descartes Systems Group, ZoomInfo Technologies, and Rackspace Technology.

Currently, the analyst consensus on Oracle is a Moderate Buy with an average price target of $117.33, a 2.6% upside from current levels. In a report issued on June 1, Morgan Stanley also maintained a Hold rating on the stock with a $90.00 price target.

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Read More on TOST:

• Toast Gains on Smashing Q1 Estimates
• Here’s what Wall Street experts are saying about Block ahead of earnings
• Toast Inc call volume above normal and directionally bullish
• Toast price target lowered to $21 from $24 at Baird
• Toast initiated with an Equal Weight at Stephens