There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Ribbon Communications (RBBN – Research Report) and Nutanix (NTNX – Research Report) with bullish sentiments.
Ribbon Communications (RBBN)
In a report released today, Michael Latimore from Northland Securities assigned a Buy rating to Ribbon Communications, with a price target of $13.00. The company’s shares closed last Wednesday at $8.19.
According to TipRanks.com, Latimore is a top 100 analyst with an average return of 33.2% and a 61.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Limelight Networks.
Ribbon Communications has an analyst consensus of Moderate Buy, with a price target consensus of $13.50, a 63.6% upside from current levels. In a report issued on March 25, B.Riley Financial also maintained a Buy rating on the stock with a $14.00 price target.
In a report released today, Nehal Chokshi from Northland Securities maintained a Buy rating on Nutanix, with a price target of $44.00. The company’s shares closed last Wednesday at $27.26.
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 20.6% and a 62.3% success rate. Chokshi covers the Technology sector, focusing on stocks such as Super Micro Computer, Palo Alto Networks, and Avid Technology.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nutanix with a $39.18 average price target.
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