Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Lumen Technologies (LUMN – Research Report) and Mercadolibre (MELI – Research Report).
Lumen Technologies (LUMN)
Bank of America Securities analyst David Barden maintained a Sell rating on Lumen Technologies today and set a price target of $1.00. The company’s shares closed last Friday at $1.33, close to its 52-week low of $1.27.
According to TipRanks.com, Barden is a 2-star analyst with an average return of
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Lumen Technologies with a $2.41 average price target.
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Mercadolibre (MELI)
In a report released today, Marcelo Santos from J.P. Morgan maintained a Buy rating on Mercadolibre. The company’s shares closed last Friday at $1200.45.
Santos has an average return of
According to TipRanks.com, Santos is ranked #3688 out of 8565 analysts.
Mercadolibre has an analyst consensus of Strong Buy, with a price target consensus of $1636.54, a 36.4% upside from current levels. In a report issued on October 16, Barclays also maintained a Buy rating on the stock with a $1550.00 price target.
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Read More on LUMN:
- LUMN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- #SocialStocks: Meta sued by bipartisan coalition over ‘harmful’ features
- Lumen, Zoom Video expand partnership for phone services
- Akamai sees Lumen contracts adding $40M-$50M in revenue in FY24
- Lumen announces sale of select CDN customer contracts to Akamai
