Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Lumentum Holdings (LITE – Research Report) and Roblox (RBLX – Research Report).
Lumentum Holdings (LITE)
Susquehanna analyst Christopher Rolland reiterated a Buy rating on Lumentum Holdings today and set a price target of $55.00. The company’s shares closed last Wednesday at $42.87.
According to TipRanks.com, Rolland is a top 100 analyst with an average return of
Lumentum Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $50.12, implying a 12.9% upside from current levels. In a report issued on October 30, Needham also maintained a Buy rating on the stock with a $50.00 price target.
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Roblox (RBLX)
In a report released today, Eric Sheridan from Goldman Sachs reiterated a Sell rating on Roblox, with a price target of $23.00. The company’s shares closed last Wednesday at $39.22.
According to TipRanks.com, Sheridan is a 5-star analyst with an average return of
Currently, the analyst consensus on Roblox is a Moderate Buy with an average price target of $38.70, which is a -3.8% downside from current levels. In a report released today, Wolfe Research also maintained a Sell rating on the stock with a $33.00 price target.
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