Analysts Offer Insights on Technology Companies: ARM Holdings PLC ADR (ARM), American Software (AMSWA) and RingCentral (RNG)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on ARM Holdings PLC ADR (ARM – Research Report), American Software (AMSWA – Research Report) and RingCentral (RNG – Research Report).

ARM Holdings PLC ADR (ARM)

In a report released today, Sara Russo from Bernstein reiterated a Sell rating on ARM Holdings PLC ADR, with a price target of $46.00. The company’s shares closed last Thursday at $54.23.

According to TipRanks.com, Russo is a 3-star analyst with an average return of 7.5% and a 69.2% success rate. Russo covers the Technology sector, focusing on stocks such as Infineon Technologies AG, ASML Holding, and ams AG.

ARM Holdings PLC ADR has an analyst consensus of Moderate Buy, with a price target consensus of $61.10.

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American Software (AMSWA)

William Blair analyst Matthew Pfau maintained a Buy rating on American Software today. The company’s shares closed last Thursday at $10.98, close to its 52-week low of $10.11.

According to TipRanks.com, Pfau is a 1-star analyst with an average return of -2.5% and a 42.9% 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 American Software is a Moderate Buy with an average price target of $20.00.

RingCentral (RNG)

Oppenheimer analyst Timothy Horan maintained a Hold rating on RingCentral yesterday. The company’s shares closed last Thursday at $29.06, close to its 52-week low of $25.08.

According to TipRanks.com, Horan is a 5-star analyst with an average return of 10.5% and a 62.8% success rate. Horan covers the Technology sector, focusing on stocks such as CSG Systems International, DigitalOcean Holdings, and Cambium Networks.

RingCentral has an analyst consensus of Moderate Buy, with a price target consensus of $39.29, implying a 31.0% upside from current levels. In a report issued on November 6, Evercore ISI also maintained a Hold rating on the stock with a $35.00 price target.

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