Analysts Have Conflicting Sentiments on These Technology Companies: Codexis (CDXS), Clearfield (CLFD) and Climb Global Solutions (CLMB)

Analysts have been eager to weigh in on the Technology sector with new ratings on Codexis (CDXS – Research Report), Clearfield (CLFD – Research Report) and Climb Global Solutions (CLMB – Research Report).

Codexis (CDXS)

Craig-Hallum analyst Matt Hewitt maintained a Buy rating on Codexis today and set a price target of $11.00. The company’s shares closed last Thursday at $3.38.

According to TipRanks.com, Hewitt is a 4-star analyst with an average return of 8.1% and a 45.0% success rate. Hewitt covers the Healthcare sector, focusing on stocks such as Streamline Health Solutions, Surgalign Holdings, and Champions Oncology.

Currently, the analyst consensus on Codexis is a Strong Buy with an average price target of $10.13, representing a 215.6% upside. In a report issued on July 24, Piper Sandler also assigned a Buy rating to the stock with a $14.00 price target.

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Clearfield (CLFD)

Lake Street analyst Jaeson Schmidt maintained a Hold rating on Clearfield today and set a price target of $38.00. The company’s shares closed last Thursday at $45.12, close to its 52-week low of $30.00.

According to TipRanks.com, Schmidt is a 4-star analyst with an average return of 10.7% and a 50.5% success rate. Schmidt covers the Technology sector, focusing on stocks such as Ufp Technologies, Aviat Networks, and Shotspotter.

Currently, the analyst consensus on Clearfield is a Moderate Buy with an average price target of $47.67, a 3.6% upside from current levels. In a report released today, Northland Securities also downgraded the stock to Hold with a $45.00 price target.

Climb Global Solutions (CLMB)

In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on Climb Global Solutions, with a price target of $48.00. The company’s shares closed last Thursday at $38.36.

According to TipRanks.com, Colicchio is a 5-star analyst with an average return of 11.4% and a 57.1% success rate. Colicchio covers the Technology sector, focusing on stocks such as Information Services Group, TD SYNNEX Corporation, and Insight Enterprises.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Climb Global Solutions with a $48.00 average price target.

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Read More on CDXS:

• CDXS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
• Codexis Documentary Showcases its Specialized Capabilities Engineering High Performance Enzymes to Enable Delivery of Novel Therapeutics
• Codexis sees FY23 product revenue $30M-$35M
• Codexis sees Q2 revenue $21M-$22M, consensus $18.09M
• Codexis to discontinue developments in Biotherapeutics, reduce headcount by 25%