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Analysts Offer Insights on Technology Companies: C3ai (AI), Squarespace (SQSP) and Pure Storage (PSTG)

Analysts have been eager to weigh in on the Technology sector with new ratings on C3ai (AIResearch Report), Squarespace (SQSPResearch Report) and Pure Storage (PSTGResearch Report).

C3ai (AI)

Bank of America Securities analyst Bradley Sills reiterated a Sell rating on C3ai yesterday and set a price target of $20.00. The company’s shares closed last Wednesday at $29.69.

According to TipRanks.com, Sills is a 4-star analyst with an average return of 6.0% and a 52.1% success rate. Sills covers the Technology sector, focusing on stocks such as Zoom Video Communications, Bill.com Holdings, and ServiceNow.

Currently, the analyst consensus on C3ai is a Hold with an average price target of $27.90.

See the top stocks recommended by analysts >>

Squarespace (SQSP)

In a report released yesterday, Mike McGovern from Bank of America Securities reiterated a Buy rating on Squarespace, with a price target of $40.00. The company’s shares closed last Wednesday at $33.40, close to its 52-week high of $34.62.

McGovern has an average return of 16.7% when recommending Squarespace.

According to TipRanks.com, McGovern is ranked #3726 out of 8750 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Squarespace with a $38.17 average price target, representing a 10.3% upside. In a report released yesterday, William Blair also maintained a Buy rating on the stock.

Pure Storage (PSTG)

In a report released today, Wamsi Mohan from Bank of America Securities reiterated a Hold rating on Pure Storage, with a price target of $50.00. The company’s shares closed last Wednesday at $42.12, close to its 52-week high of $45.34.

According to TipRanks.com, Mohan is a 5-star analyst with an average return of 9.2% and a 56.7% success rate. Mohan covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and DigitalOcean Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pure Storage with a $45.50 average price target, a 11.0% upside from current levels. In a report issued on February 14, Stifel Nicolaus also assigned a Hold rating to the stock with a $41.00 price target.

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