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Analysts Offer Insights on Technology Companies: Kaltura (KLTR), Wix (WIX) and TechTarget (TTGT)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Kaltura (KLTRResearch Report), Wix (WIXResearch Report) and TechTarget (TTGTResearch Report) with bullish sentiments.

Kaltura (KLTR)

In a report released today, Ryan Koontz from Needham maintained a Buy rating on Kaltura, with a price target of $5.00. The company’s shares closed last Wednesday at $1.81.

According to TipRanks.com, Koontz has 0 stars on 0-5 stars ranking scale with an average return of -11.5% and a 34.7% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Planet Labs PBC, and Lantronix.

Currently, the analyst consensus on Kaltura is a Moderate Buy with an average price target of $3.83, implying an 112.8% upside from current levels. In a report released yesterday, JMP Securities also maintained a Buy rating on the stock with a $4.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Wix (WIX)

William Blair analyst Matthew Pfau maintained a Buy rating on Wix today. The company’s shares closed last Wednesday at $89.84.

According to TipRanks.com, Pfau is a 1-star analyst with an average return of -5.2% and a 36.6% success rate. Pfau covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Aspen Technology, Inc., and Ceridian HCM Holding.

Currently, the analyst consensus on Wix is a Strong Buy with an average price target of $121.30, which is a 36.4% upside from current levels. In a report issued on November 6, Jefferies also maintained a Buy rating on the stock with a $130.00 price target.

TechTarget (TTGT)

In a report released today, Joshua Reilly from Needham maintained a Buy rating on TechTarget, with a price target of $40.00. The company’s shares closed last Wednesday at $25.67, close to its 52-week low of $23.43.

According to TipRanks.com, Reilly is ranked #7675 out of 8601 analysts.

TechTarget has an analyst consensus of Moderate Buy, with a price target consensus of $33.40.

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