Analysts Have Conflicting Sentiments on These Technology Companies: Edgio (EGIO) and Allego (ALLG)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Edgio (EGIO – Research Report) and Allego (ALLG – Research Report).

Edgio (EGIO)

D.A. Davidson analyst Rudy Kessinger reiterated a Hold rating on Edgio today and set a price target of $0.75. The company’s shares closed last Tuesday at $0.72, close to its 52-week low of $0.45.

According to TipRanks.com, Kessinger is a 1-star analyst with an average return of -7.1% and a 46.8% success rate. Kessinger covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, FiscalNote Holdings, and CyberArk Software.

Edgio has an analyst consensus of Hold, with a price target consensus of $1.17.

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Allego (ALLG)

D.A. Davidson analyst Matt Summerville reiterated a Buy rating on Allego today. The company’s shares closed last Tuesday at $2.58, close to its 52-week low of $1.85.

According to TipRanks.com, Summerville is a 4-star analyst with an average return of 9.9% and a 52.9% success rate. Summerville covers the Industrial Goods sector, focusing on stocks such as A. O. Smith Corporation, Alta Equipment Group, and Columbus Mckinnon.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Allego with a $6.00 average price target.

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Read More on EGIO:

• Edgio price target lowered to $1.50 from $2 at Lake Street
• Edgio sees FY23 revenue $392M-$398M
• Edgio reports Q4 EPS (21c) vs (6c) last year