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Analysts Offer Insights on Technology Companies: Quantum (QMCO), Lantronix (LTRX) and Faro Technologies (FARO)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Quantum (QMCOResearch Report), Lantronix (LTRXResearch Report) and Faro Technologies (FAROResearch Report).

Quantum (QMCO)

In a report released today, Eric Martinuzzi from Lake Street assigned a Hold rating to Quantum, with a price target of $1.00. The company’s shares closed last Thursday at $0.37, close to its 52-week low of $0.35.

According to TipRanks.com, Martinuzzi is a 3-star analyst with an average return of 0.7% and a 38.1% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as CommVault Systems, Extreme Networks, and One Stop Systems.

Quantum has an analyst consensus of Hold, with a price target consensus of $1.00.

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Lantronix (LTRX)

Craig-Hallum analyst Christian Schwab maintained a Buy rating on Lantronix today. The company’s shares closed last Thursday at $5.03.

According to TipRanks.com, Schwab is a 5-star analyst with an average return of 12.9% and a 54.7% success rate. Schwab covers the Technology sector, focusing on stocks such as NEXTracker, Inc. Class A, Advanced Micro Devices, and Ultra Clean Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lantronix with a $9.63 average price target, a 96.9% upside from current levels. In a report issued on November 6, Lake Street also maintained a Buy rating on the stock with a $8.00 price target.

Faro Technologies (FARO)

In a report released today, Greg Palm from Craig-Hallum maintained a Buy rating on Faro Technologies. The company’s shares closed last Thursday at $18.26.

According to TipRanks.com, Palm is a 2-star analyst with an average return of -0.6% and a 39.0% success rate. Palm covers the Technology sector, focusing on stocks such as Markforged Holding, Fathom Digital, and Desktop Metal.

The the analyst consensus on Faro Technologies is currently a Moderate Buy rating.

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