Analysts Offer Insights on Technology Companies: Twilio (NYSE: TWLO), Fastly (NYSE: FSLY) and nLIGHT (NASDAQ: LASR)

Analysts have been eager to weigh in on the Technology sector with new ratings on Twilio (TWLOResearch Report), Fastly (FSLYResearch Report) and nLIGHT (LASRResearch Report).

Twilio (TWLO)

In a report released today, Richard Valera from Needham maintained a Buy rating on Twilio, with a price target of $500.00. The company’s shares closed last Wednesday at $411.65, close to its 52-week high of $441.19.

According to TipRanks.com, Valera is a 5-star analyst with an average return of 26.4% and a 69.9% success rate. Valera covers the Technology sector, focusing on stocks such as Zoom Video Communications, Altair Engineering, and Trimble Navigation.

Currently, the analyst consensus on Twilio is a Strong Buy with an average price target of $455.63, implying an 8.5% upside from current levels. In a report issued on February 3, KeyBanc also maintained a Buy rating on the stock with a $420.00 price target.

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Fastly (FSLY)

In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on Fastly, with a price target of $110.00. The company’s shares closed last Wednesday at $94.85.

According to TipRanks.com, Horan is a 5-star analyst with an average return of 20.4% and a 68.6% success rate. Horan covers the Technology sector, focusing on stocks such as Rackspace Technology, Lumen Technologies, and Digital Turbine.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fastly with a $88.33 average price target, a -9.8% downside from current levels. In a report issued on February 16, Raymond James also maintained a Buy rating on the stock.

nLIGHT (LASR)

Benchmark Co. analyst Mark Miller maintained a Hold rating on nLIGHT yesterday. The company’s shares closed last Wednesday at $40.85, close to its 52-week high of $43.18.

According to TipRanks.com, Miller is a top 100 analyst with an average return of 26.5% and a 70.6% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, MKS Instruments, and Western Digital.

Currently, the analyst consensus on nLIGHT is a Moderate Buy with an average price target of $45.00.

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