Analysts have been eager to weigh in on the Technology sector with new ratings on Shopify (SHOP – Research Report), Seagate Tech (STX – Research Report) and Expensify (EXFY – Research Report).
Shopify (SHOP)
In a report released today, Andrew Boone from JMP Securities maintained a Hold rating on Shopify. The company’s shares closed last Thursday at $80.49, close to its 52-week high of $83.36.
According to TipRanks.com, Boone is a 4-star analyst with an average return of
Shopify has an analyst consensus of Moderate Buy, with a price target consensus of $77.83, representing a -4.2% downside. In a report issued on January 18, Barclays also maintained a Hold rating on the stock with a $70.00 price target.
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Seagate Tech (STX)
In a report issued on January 24, Vijay Rakesh from Mizuho Securities maintained a Buy rating on Seagate Tech, with a price target of $100.00. The company’s shares closed last Thursday at $90.99.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Seagate Tech with a $90.17 average price target, implying a -1.1% downside from current levels. In a report issued on January 19, Rosenblatt Securities also maintained a Buy rating on the stock with a $100.00 price target.
Expensify (EXFY)
In a report released today, Aaron Kimson from JMP Securities maintained a Hold rating on Expensify. The company’s shares closed last Thursday at $1.72, close to its 52-week low of $1.52.
According to TipRanks.com, Kimson is a 3-star analyst with an average return of
Currently, the analyst consensus on Expensify is a Hold with an average price target of $3.60.
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Read More on SHOP:
- Shopify merchant checks suggest modest growth acceleration in Q4, says Roth MKM
- DA Davidson analyst to hold an analyst/industry conference call
- Shopify price target raised to $70 from $53 at Barclays
- Shopify downgraded to Underperform from Neutral at Exane BNP Paribas
- Shopify Stock (NYSE:SHOP): No Margin of Safety
