There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on EverQuote (EVER – Research Report) and BigCommerce Holdings (BIGC – Research Report) with bullish sentiments.
In a report released today, Jed Kelly from Oppenheimer assigned a Buy rating to EverQuote, with a price target of $70.00. The company’s shares closed last Tuesday at $49.39.
According to TipRanks.com, Kelly is a 4-star analyst with an average return of 14.6% and a 54.8% success rate. Kelly covers the Technology sector, focusing on stocks such as Rush Street Interactive, DraftKings, and CarGurus.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for EverQuote with a $62.00 average price target, a 29.1% upside from current levels. In a report released today, Needham also reiterated a Buy rating on the stock with a $65.00 price target.
BigCommerce Holdings (BIGC)
In a report released today, Scott Berg from Needham maintained a Buy rating on BigCommerce Holdings, with a price target of $85.00. The company’s shares closed last Tuesday at $62.00, close to its 52-week low of $57.26.
According to TipRanks.com, Berg is a top 25 analyst with an average return of 34.7% and a 76.1% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Cornerstone Ondemand, and Tyler Technologies.
Currently, the analyst consensus on BigCommerce Holdings is a Hold with an average price target of $70.80.
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