Analysts’ Opinions Are Mixed on These Technology Stocks: Azenta (AZTA), Cloudflare (NET) and SEMrush Holdings (SEMR)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Azenta (AZTA – Research Report), Cloudflare (NET – Research Report) and SEMrush Holdings (SEMR – Research Report).

Azenta (AZTA)

B.Riley Financial analyst Yuan Zhi reiterated a Buy rating on Azenta yesterday and set a price target of $61.00. The company’s shares closed last Tuesday at $48.00.

According to TipRanks.com, Zhi has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -20.6% and a 22.0% success rate. Zhi covers the Healthcare sector, focusing on stocks such as Actinium Pharmaceuticals, Fusion Pharmaceuticals, and Ambrx Biopharma.

Azenta has an analyst consensus of Moderate Buy, with a price target consensus of $52.67.

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Cloudflare (NET)

Stifel Nicolaus analyst Adam Borg maintained a Hold rating on Cloudflare yesterday and set a price target of $75.00. The company’s shares closed last Tuesday at $66.59.

According to TipRanks.com, Borg is a 4-star analyst with an average return of 5.6% and a 60.5% success rate. Borg covers the Technology sector, focusing on stocks such as Procore Technologies, Palo Alto Networks, and Check Point.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $69.71 average price target, implying an 8.1% upside from current levels. In a report issued on August 4, Mizuho Securities also maintained a Hold rating on the stock with a $70.00 price target.

SEMrush Holdings (SEMR)

Stifel Nicolaus analyst J. Parker Lane maintained a Hold rating on SEMrush Holdings yesterday and set a price target of $10.00. The company’s shares closed last Tuesday at $9.77.

According to TipRanks.com, Lane has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -4.9% and a 44.1% success rate. Lane covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, BigCommerce Holdings, and Unity Software.

Currently, the analyst consensus on SEMrush Holdings is a Moderate Buy with an average price target of $11.50, representing a 20.5% upside. In a report issued on August 7, Morgan Stanley also maintained a Hold rating on the stock with a $12.00 price target.

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Read More on AZTA:

• Azenta Reports Results of Third Quarter of Fiscal 2023, Ended June 30, 2023
• AZTA Upcoming Earnings Report: What to Expect?
• Raymond James starts Azenta at Market Perform on transport business struggles
• Azenta initiated with a Market Perform at Raymond James
• Azenta to open location in the greater Boston area