Analysts have been eager to weigh in on the Technology sector with new ratings on Chegg (CHGG – Research Report) and Varonis Systems (VRNS – Research Report).
Chegg (CHGG)
Goldman Sachs analyst Eric Sheridan reiterated a Sell rating on Chegg today. The company’s shares closed last Monday at $9.30, close to its 52-week low of $7.32.
According to TipRanks.com, Sheridan is a 5-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Chegg with a $9.90 average price target.
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Varonis Systems (VRNS)
In a report released yesterday, Shrenik Kothari from Robert W. Baird maintained a Hold rating on Varonis Systems, with a price target of $48.00. The company’s shares closed last Monday at $45.54, close to its 52-week high of $47.29.
According to TipRanks.com, Kothari is a top 100 analyst with an average return of
Varonis Systems has an analyst consensus of Moderate Buy, with a price target consensus of $48.64, which is a 7.5% upside from current levels. In a report issued on January 29, Wells Fargo also maintained a Hold rating on the stock with a $42.00 price target.
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