Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Silicon Laboratories (SLAB – Research Report), Procore Technologies (PCOR – Research Report) and Root (ROOT – Research Report).
Silicon Laboratories (SLAB)
In a report released yesterday, Matt Ramsay from TD Cowen maintained a Buy rating on Silicon Laboratories, with a price target of $100.00. The company’s shares closed last Wednesday at $87.17.
According to TipRanks.com, Ramsay is a top 25 analyst with an average return of
Currently, the analyst consensus on Silicon Laboratories is a Moderate Buy with an average price target of $135.00, representing a 79.8% upside. In a report issued on October 19, Stifel Nicolaus also maintained a Buy rating on the stock with a $170.00 price target.
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Procore Technologies (PCOR)
Goldman Sachs analyst Kash Rangan reiterated a Buy rating on Procore Technologies yesterday. The company’s shares closed last Wednesday at $60.17.
According to TipRanks.com, Rangan is a 5-star analyst with an average return of
Currently, the analyst consensus on Procore Technologies is a Strong Buy with an average price target of $82.17, implying a 34.5% upside from current levels. In a report issued on October 26, BMO Capital also initiated coverage with a Buy rating on the stock with a $80.00 price target.
Root (ROOT)
Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Root yesterday and set a price target of $10.00. The company’s shares closed last Wednesday at $8.85.
According to TipRanks.com, Greenspan is a 5-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Root with a $9.94 average price target.
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