Analysts Offer Insights on Technology Companies: Unity Software (U), Itron (ITRI) and Zoom Video Communications (ZM)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Unity Software (U – Research Report), Itron (ITRI – Research Report) and Zoom Video Communications (ZM – Research Report).

Unity Software (U)

Piper Sandler analyst Brent Bracelin upgraded Unity Software to Hold yesterday and set a price target of $30.00. The company’s shares closed last Monday at $33.04.

According to TipRanks.com, Bracelin is a 4-star analyst with an average return of 3.8% and a 50.3% success rate. Bracelin covers the Technology sector, focusing on stocks such as Klaviyo, Inc. Class A, ZoomInfo Technologies, and Procore Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Unity Software with a $36.18 average price target, implying a 14.6% upside from current levels. In a report released today, JMP Securities also upgraded the stock to Hold.

See the top stocks recommended by analysts >>

Itron (ITRI)

Itron received a Buy rating and a $108.00 price target from Robert W. Baird analyst Ben Kallo today. The company’s shares closed last Monday at $91.46, close to its 52-week high of $93.97.

According to TipRanks.com, Kallo is a 1-star analyst with an average return of -1.2% and a 42.3% success rate. Kallo covers the Industrial Goods sector, focusing on stocks such as Archer Daniels Midland, Bloom Energy, and Nikola.

Currently, the analyst consensus on Itron is a Strong Buy with an average price target of $95.25, representing a 2.0% upside. In a report released yesterday, Canaccord Genuity also upgraded the stock to Buy with a $105.00 price target.

Zoom Video Communications (ZM)

KeyBanc analyst Thomas Blakey reiterated a Hold rating on Zoom Video Communications today. The company’s shares closed last Monday at $63.12.

According to TipRanks.com, Blakey is a 4-star analyst with an average return of 7.5% and a 56.9% success rate. Blakey covers the Technology sector, focusing on stocks such as CommVault Systems, Juniper Networks, and Arista Networks.

Currently, the analyst consensus on Zoom Video Communications is a Hold with an average price target of $76.89, which is a 20.8% upside from current levels. In a report issued on February 14, Morgan Stanley also maintained a Hold rating on the stock with a $78.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on U:

• U Earnings: Unity Software Plunges on Q4 Numbers
• Is U a Buy, Before Earnings?
• Unity price target raised to $35 from $28 at Stifel
• Capgemini to acquire Unity’s Digital Twin Professional Services arm
• Rivian downgraded, Lowe’s upgraded: Wall Street’s top analyst calls