Analysts Offer Insights on Technology Companies: EverQuote (NASDAQ: EVER), BigCommerce Holdings (NASDAQ: BIGC) and Velodyne Lidar (NASDAQ: VLDR)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on EverQuote (EVERResearch Report), BigCommerce Holdings (BIGCResearch Report) and Velodyne Lidar (VLDRResearch Report) with bullish sentiments.

EverQuote (EVER)

Oppenheimer analyst Jed Kelly assigned a Buy rating to EverQuote yesterday and set a price target of $70.00. The company’s shares closed last Tuesday at $49.75.

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.

EverQuote has an analyst consensus of Strong Buy, with a price target consensus of $62.00, representing a 29.1% upside. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $65.00 price target.

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BigCommerce Holdings (BIGC)

In a report released yesterday, 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 $63.33, 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.

BigCommerce Holdings has an analyst consensus of Hold, with a price target consensus of $70.80.

Velodyne Lidar (VLDR)

Robert W. Baird analyst Tristan Gerra reiterated a Buy rating on Velodyne Lidar on February 19 and set a price target of $28.00. The company’s shares closed last Tuesday at $16.26.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 23.0% and a 65.7% success rate. Gerra covers the Technology sector, focusing on stocks such as Himax Technologies, Western Digital, and Lattice Semicon.

Currently, the analyst consensus on Velodyne Lidar is a Strong Buy with an average price target of $29.57, which is an 81.2% upside from current levels. In a report issued on February 9, Craig-Hallum also maintained a Buy rating on the stock with a $29.00 price target.

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