There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Rekor Systems (REKR – Research Report), Ciena (CIEN – Research Report) and Adtran (ADTN – Research Report) with bullish sentiments.
Rekor Systems (REKR)
In a report released today, Matthew Pfau from William Blair initiated coverage with a Buy rating on Rekor Systems. The company’s shares closed last Friday at $2.41.
According to TipRanks.com, Pfau is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rekor Systems with a $4.50 average price target.
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Ciena (CIEN)
In a report released today, Alex Henderson from Needham maintained a Buy rating on Ciena, with a price target of $65.00. The company’s shares closed last Friday at $60.84, close to its 52-week high of $61.01.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of
Currently, the analyst consensus on Ciena is a Strong Buy with an average price target of $58.75.
Adtran (ADTN)
Warburg Research analyst Robert-Jan van der Horst maintained a Buy rating on Adtran on February 28 and set a price target of EUR14.00. The company’s shares closed last Friday at $5.81, close to its 52-week low of $4.91.
According to TipRanks.com, Horst is ranked #6811 out of 8763 analysts.
Currently, the analyst consensus on Adtran is a Moderate Buy with an average price target of $9.42, representing a 67.3% upside. In a report issued on February 28, Needham also maintained a Buy rating on the stock with a $8.00 price target.
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Read More on REKR:
- Rekor Systems files to sell 3.5M shares of common stock for holders
- Rekor Systems announces early redemption of senior secured notes
- Rekor Systems Raises $26.4 Million in Public Offering
- Rekor Systems Inc Announces Strategic Public Offering Launch
- Rekor Systems Raises $22.9M in Public Share Offering
