There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Concentrix (CNXC – Research Report), Rambus (RMBS – Research Report) and AppFolio (APPF – Research Report) with bullish sentiments.
Concentrix (CNXC)
Scotiabank analyst Divya Goyal maintained a Buy rating on Concentrix today and set a price target of $120.00. The company’s shares closed last Thursday at $87.26.
According to TipRanks.com, Goyal is a 1-star analyst with an average return of
Currently, the analyst consensus on Concentrix is a Strong Buy with an average price target of $117.00, which is a 23.9% upside from current levels. In a report issued on January 24, Canaccord Genuity also maintained a Buy rating on the stock with a $125.00 price target.
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Rambus (RMBS)
Wells Fargo analyst Gary Mobley maintained a Buy rating on Rambus yesterday and set a price target of $85.00. The company’s shares closed last Thursday at $73.24, close to its 52-week high of $76.38.
According to TipRanks.com, Mobley is a 5-star analyst with an average return of
Rambus has an analyst consensus of Moderate Buy, with a price target consensus of $85.00.
AppFolio (APPF)
BTIG analyst Soham Bhonsle reiterated a Buy rating on AppFolio today and set a price target of $215.00. The company’s shares closed last Thursday at $174.38.
According to TipRanks.com, Bhonsle is a 3-star analyst with an average return of
Currently, the analyst consensus on AppFolio is a Strong Buy with an average price target of $219.50, which is a 22.5% upside from current levels. In a report released today, KeyBanc also reiterated a Buy rating on the stock.
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