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Analysts Offer Insights on Technology Companies: Desktop Metal (DM), Evolv Technologies Holdings (EVLV) and Ebix (EBIX)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Desktop Metal (DMResearch Report), Evolv Technologies Holdings (EVLVResearch Report) and Ebix (EBIXResearch Report).

Desktop Metal (DM)

In a report released today, Greg Palm from Craig-Hallum assigned a Hold rating to Desktop Metal. The company’s shares closed last Friday at $1.83.

According to TipRanks.com, Palm is a 4-star analyst with an average return of 11.0% and a 53.4% success rate. Palm covers the Technology sector, focusing on stocks such as Tempo Automation Holdings, Markforged Holding, and Shapeways Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Desktop Metal with a $1.83 average price target.

See the top stocks recommended by analysts >>

Evolv Technologies Holdings (EVLV)

Craig-Hallum analyst Chad Bennett assigned a Buy rating to Evolv Technologies Holdings today and set a price target of $7.00. The company’s shares closed last Friday at $5.99, close to its 52-week high of $6.54.

According to TipRanks.com, Bennett is a 4-star analyst with an average return of 6.3% and a 57.3% success rate. Bennett covers the Technology sector, focusing on stocks such as E2open Parent Holdings, Quotient Technology, and Varonis Systems.

Currently, the analyst consensus on Evolv Technologies Holdings is a Strong Buy with an average price target of $7.28.

Ebix (EBIX)

Craig-Hallum analyst Jeff Van Rhee maintained a Buy rating on Ebix today. The company’s shares closed last Friday at $24.75.

According to TipRanks.com, Rhee is a 5-star analyst with an average return of 24.1% and a 63.5% success rate. Rhee covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, BlackSky Technology, and Alkami Technology.

The the analyst consensus on Ebix is currently a Moderate Buy rating.

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