Analysts Conflicted on These Technology Names: Udemy Inc (UDMY), Shopify (SHOP) and D-Wave Quantum (QBTS)

Analysts have been eager to weigh in on the Technology sector with new ratings on Udemy Inc (UDMY – Research Report), Shopify (SHOP – Research Report) and D-Wave Quantum (QBTS – Research Report).

Udemy Inc (UDMY)

Robert W. Baird analyst Jeffrey Meuler maintained a Buy rating on Udemy Inc on April 3 and set a price target of $15.00. The company’s shares closed last Friday at $10.49.

According to TipRanks.com, Meuler is a 4-star analyst with an average return of 4.8% and a 59.9% success rate. Meuler covers the Technology sector, focusing on stocks such as Fair Isaac, Gartner, and 2U.

Udemy Inc has an analyst consensus of Strong Buy, with a price target consensus of $16.13, which is a 54.2% upside from current levels. In a report issued on April 3, Bank of America Securities also reiterated a Buy rating on the stock with a $16.00 price target.

See the top stocks recommended by analysts >>

Shopify (SHOP)

Needham analyst Anna Andreeva maintained a Hold rating on Shopify today. The company’s shares closed last Friday at $75.28.

According to TipRanks.com, Andreeva is ranked 0 out of 5 stars with an average return of -8.4% and a 39.7% success rate. Andreeva covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, Lululemon Athletica, and Williams-Sonoma.

Shopify has an analyst consensus of Moderate Buy, with a price target consensus of $82.92, which is an 11.2% upside from current levels. In a report issued on April 1, Barclays also maintained a Hold rating on the stock with a $68.00 price target.

D-Wave Quantum (QBTS)

In a report released today, Quinn Bolton from Needham maintained a Buy rating on D-Wave Quantum, with a price target of $2.50. The company’s shares closed last Friday at $1.88.

According to TipRanks.com, Bolton is a top 25 analyst with an average return of 31.3% and a 67.3% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Smart Global Holdings.

D-Wave Quantum has an analyst consensus of Strong Buy, with a price target consensus of $3.00, a 50.8% upside from current levels. In a report issued on April 1, Roth MKM also maintained a Buy rating on the stock with a $3.00 price target.

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Read More on UDMY:

• 3 Best Stocks to Buy Now, 4/5/2024, According to Top Analysts 
• Udemy’s Gen-AI demo highlights skill mapping functionality, says Needham
• Udemy to Host Virtual Product Demonstration and Generative AI Roadmap Preview
• What to Make of Udemy’s (NASDAQ:UDMY) Recent Price Dip
• Udemy to Participate in Two March Investor Conferences