There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cerence (CRNC – Research Report) and Backblaze (BLZE – Research Report) with bullish sentiments.
Cerence (CRNC)
Craig-Hallum analyst Jeff Van Rhee maintained a Buy rating on Cerence today and set a price target of $25.00. The company’s shares closed last Monday at $16.93.
According to TipRanks.com, Rhee is a 5-star analyst with an average return of
Cerence has an analyst consensus of Moderate Buy, with a price target consensus of $23.57, a 35.1% upside from current levels. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $23.00 price target.
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Backblaze (BLZE)
In a report released today, Chad Bennett from Craig-Hallum maintained a Buy rating on Backblaze, with a price target of $9.00. The company’s shares closed last Monday at $6.71.
According to TipRanks.com, Bennett is a 4-star analyst with an average return of
Currently, the analyst consensus on Backblaze is a Strong Buy with an average price target of $10.70.
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Read More on CRNC:
- Cerence (NASDAQ:CRNC) Gains on Strong Q4 Revenue Growth
- Cerence Announces Fourth Quarter and Fiscal Year 2023 Results
- Options Volatility and Implied Earnings Moves Today, November 27, 2023
- Cerence sees FY24 revenue $355M-$375M, consensus $354.68M
- Cerence sees Q1 revenue $128M-$132M, consensus $80.37M
