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Analysts’ Opinions Are Mixed on These Technology Stocks: Shoals Technologies Group (SHLS), Aspen Technology, Inc. (AZPN) and NanoString Tech (NSTG)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Shoals Technologies Group (SHLSResearch Report), Aspen Technology, Inc. (AZPNResearch Report) and NanoString Tech (NSTGResearch Report).

Shoals Technologies Group (SHLS)

In a report released today, Jeff Osborne from TD Cowen maintained a Buy rating on Shoals Technologies Group, with a price target of $30.00. The company’s shares closed last Tuesday at $16.23, close to its 52-week low of $14.31.

According to TipRanks.com, Osborne is a 2-star analyst with an average return of -0.5% and a 39.4% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Generac Holdings, Aspen Aerogels, and TPI Composites.

Currently, the analyst consensus on Shoals Technologies Group is a Moderate Buy with an average price target of $26.09.

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Aspen Technology, Inc. (AZPN)

Robert W. Baird analyst Robert Oliver reiterated a Hold rating on Aspen Technology, Inc. yesterday and set a price target of $194.00. The company’s shares closed last Tuesday at $176.06, close to its 52-week low of $161.32.

According to TipRanks.com, Oliver is a 5-star analyst with an average return of 6.5% and a 49.6% success rate. Oliver covers the Technology sector, focusing on stocks such as Klaviyo, Inc. Class A, Tyler Technologies, and Thryv Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Aspen Technology, Inc. with a $184.67 average price target, implying a 10.6% upside from current levels. In a report released yesterday, William Blair also maintained a Hold rating on the stock.

NanoString Tech (NSTG)

In a report issued on November 6, Catherine Ramsey Schulte from Robert W. Baird maintained a Buy rating on NanoString Tech, with a price target of $4.00. The company’s shares closed last Tuesday at $1.41, close to its 52-week low of $1.18.

According to TipRanks.com, Schulte is a 4-star analyst with an average return of 6.2% and a 45.5% success rate. Schulte covers the Healthcare sector, focusing on stocks such as Maravai Lifesciences Holdings, Castle Biosciences, and Exact Sciences.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for NanoString Tech with a $5.10 average price target, a 259.2% upside from current levels. In a report issued on November 6, Canaccord Genuity also maintained a Buy rating on the stock with a $5.00 price target.

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