There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Porch Group (PRCH – Research Report) and Navitas Semiconductor (NVTS – Research Report) with bullish sentiments.
Porch Group (PRCH)
Craig-Hallum analyst Jason Kreyer maintained a Buy rating on Porch Group today. The company’s shares closed last Tuesday at $2.68.
According to TipRanks.com, Kreyer is a 4-star analyst with an average return of
Porch Group has an analyst consensus of Moderate Buy, with a price target consensus of $2.00.
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Navitas Semiconductor (NVTS)
In a report released today, Richard Shannon from Craig-Hallum reiterated a Buy rating on Navitas Semiconductor, with a price target of $11.00. The company’s shares closed last Tuesday at $8.19.
According to TipRanks.com, Shannon is a 3-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Navitas Semiconductor with a $9.98 average price target, which is a 21.7% upside from current levels. In a report issued on December 13, Needham also maintained a Buy rating on the stock with a $10.00 price target.
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Read More on PRCH:
- Porch Group price target raised by 75c at Keefe Bruyette, here’s why
- Porch Group management to meet virtually with Benchmark
- Porch Group sees FY23 revenue approximately $415M, consensus $343.62M
- Porch Group reports Q3 EPS (6c), consensus (25c)
- Porch Group insurance carrier, HOA released from TDI Supervision
