Analysts have been eager to weigh in on the Technology sector with new ratings on Cepton (CPTN – Research Report) and Xero Limited (XROLF – Research Report).
Cepton (CPTN)
In a report issued on November 10, Tom Narayan from RBC Capital maintained a Hold rating on Cepton, with a price target of $14.00. The company’s shares closed last Tuesday at $3.30, close to its 52-week low of $3.20.
According to TipRanks.com, Narayan is a 3-star analyst with an average return of
Cepton has an analyst consensus of Strong Buy, with a price target consensus of $17.33.
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Xero Limited (XROLF)
Wilsons analyst Ross Barrows maintained a Buy rating on Xero Limited on November 10 and set a price target of A$126.93. The company’s shares closed last Monday at $61.53.
According to TipRanks.com, Barrows is ranked 0 out of 5 stars with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xero Limited with a $76.49 average price target, a 24.3% upside from current levels. In a report issued on October 30, CLSA also upgraded the stock to Buy with a A$134.00 price target.
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