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Analysts Offer Insights on Technology Companies: Audiocodes (AUDC), SolarEdge Technologies (SEDG) and Makemytrip (MMYT)

Analysts have been eager to weigh in on the Technology sector with new ratings on Audiocodes (AUDCResearch Report), SolarEdge Technologies (SEDGResearch Report) and Makemytrip (MMYTResearch Report).

Audiocodes (AUDC)

Bank of America Securities analyst Tal Liani reiterated a Sell rating on Audiocodes yesterday and set a price target of $8.00. The company’s shares closed last Tuesday at $11.62.

According to TipRanks.com, Liani is a 4-star analyst with an average return of 8.2% and a 57.2% success rate. Liani covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software.

The word on The Street in general, suggests a Hold analyst consensus rating for Audiocodes with a $10.75 average price target, representing a -3.2% downside. In a report released yesterday, Barclays also assigned a Sell rating to the stock with a $9.00 price target.

See today’s best-performing stocks on TipRanks >>

SolarEdge Technologies (SEDG)

In a report released today, Christine Cho CFA from Barclays maintained a Buy rating on SolarEdge Technologies, with a price target of $274.00. The company’s shares closed last Tuesday at $239.47.

According to TipRanks.com, CFA is a 2-star analyst with an average return of 0.3% and a 48.6% success rate. CFA covers the NA sector, focusing on stocks such as Sunnova Energy International, Targa Resources, and Enphase Energy.

Currently, the analyst consensus on SolarEdge Technologies is a Strong Buy with an average price target of $370.00, a 55.6% upside from current levels. In a report issued on July 18, Goldman Sachs also maintained a Buy rating on the stock with a $414.00 price target.

Makemytrip (MMYT)

In a report released yesterday, Sachin Salgaonkar from Bank of America Securities reiterated a Buy rating on Makemytrip, with a price target of $38.50. The company’s shares closed last Tuesday at $31.60.

According to TipRanks.com, Salgaonkar is ranked #7824 out of 8543 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Makemytrip with a $40.75 average price target.

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