Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Rapid7 (RPD – Research Report), Sprout Social (SPT – Research Report) and Fortinet (FTNT – Research Report).
Rapid7 (RPD)
In a report released yesterday, Brad Reback from Stifel Nicolaus maintained a Buy rating on Rapid7, with a price target of $51.00. The company’s shares closed last Wednesday at $38.00.
According to TipRanks.com, Reback is a 5-star analyst with an average return of
Rapid7 has an analyst consensus of Moderate Buy, with a price target consensus of $52.00, which is a 28.4% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a $52.00 price target.
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Sprout Social (SPT)
In a report released yesterday, J. Parker Lane from Stifel Nicolaus maintained a Buy rating on Sprout Social, with a price target of $45.00. The company’s shares closed last Wednesday at $26.90, close to its 52-week low of $26.88.
According to TipRanks.com, Lane is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sprout Social with a $49.22 average price target, which is an 84.1% upside from current levels. In a report issued on May 3, Barclays also maintained a Buy rating on the stock with a $50.00 price target.
Fortinet (FTNT)
Stifel Nicolaus analyst Adam Borg maintained a Hold rating on Fortinet yesterday and set a price target of $70.00. The company’s shares closed last Wednesday at $59.63.
According to TipRanks.com, Borg is a 4-star analyst with an average return of
Currently, the analyst consensus on Fortinet is a Moderate Buy with an average price target of $72.13, representing a 21.4% upside. In a report issued on April 29, Barclays also maintained a Hold rating on the stock with a $80.00 price target.
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