Analysts fell to the sidelines weighing in on Fuelcell Energy (FCEL – Research Report) and Snowflake (SNOW – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Fuelcell Energy (FCEL)
In a report released today, Jonathan Dorsheimer from Canaccord Genuity maintained a Hold rating on Fuelcell Energy, with a price target of $9.00. The company’s shares closed last Thursday at $10.06.
According to TipRanks.com, Dorsheimer is a 5-star analyst with an average return of 29.7% and a 54.4% success rate. Dorsheimer covers the Technology sector, focusing on stocks such as Stmicroelectronics, IPG Photonics, and Plug Power.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Fuelcell Energy with a $9.40 average price target, which is a -5.8% downside from current levels. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock.
Canaccord Genuity analyst David Hynes maintained a Hold rating on Snowflake yesterday and set a price target of $240.00. The company’s shares closed last Thursday at $248.80.
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 31.0% and a 74.9% success rate. Hynes covers the Technology sector, focusing on stocks such as Qualtrics International, ZoomInfo Technologies, and BigCommerce Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Snowflake with a $278.50 average price target, implying a 12.6% upside from current levels. In a report issued on May 27, Needham also assigned a Hold rating to the stock.
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