TipRanks

Notifications

Analysts Offer Insights on Technology Companies: Anaplan (PLAN), Cerence (CRNC) and VIA optronics (VIAO)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Anaplan (PLANResearch Report), Cerence (CRNCResearch Report) and VIA optronics (VIAOResearch Report) with bullish sentiments.

Anaplan (PLAN)

In a report released yesterday, Andrew Degasperi from Berenberg Bank maintained a Buy rating on Anaplan, with a price target of $88.00. The company’s shares closed last Wednesday at $44.22, close to its 52-week low of $40.13.

According to TipRanks.com, Degasperi is a 4-star analyst with an average return of 22.5% and a 65.9% success rate. Degasperi covers the Technology sector, focusing on stocks such as Bill.com Holdings, Faro Technologies, and Universal Display.

Currently, the analyst consensus on Anaplan is a Strong Buy with an average price target of $69.39, which is a 72.1% upside from current levels. In a report issued on November 17, Monness also maintained a Buy rating on the stock with a $101.00 price target.

See the top stocks recommended by analysts >>

Cerence (CRNC)

In a report released yesterday, Mike Filatov from Berenberg Bank maintained a Buy rating on Cerence, with a price target of $123.00. The company’s shares closed last Wednesday at $79.58, close to its 52-week low of $74.10.

According to TipRanks.com, Filatov is a 2-star analyst with an average return of 2.6% and a 47.1% success rate. Filatov covers the Industrial Goods sector, focusing on stocks such as Innoviz Technologies, Luminar Technologies, and Visteon.

Currently, the analyst consensus on Cerence is a Strong Buy with an average price target of $122.78, a 61.3% upside from current levels. In a report issued on November 12, Jefferies also maintained a Buy rating on the stock with a $131.00 price target.

VIA optronics (VIAO)

In a report released yesterday, Andrew Buscaglia from Berenberg Bank maintained a Buy rating on VIA optronics, with a price target of $16.00. The company’s shares closed last Wednesday at $7.75.

According to TipRanks.com, Buscaglia is a 3-star analyst with an average return of 5.4% and a 63.4% success rate. Buscaglia covers the Industrial Goods sector, focusing on stocks such as Mueller Water Products, Kornit Digital, and Badger Meter.

Currently, the analyst consensus on VIA optronics is a Moderate Buy with an average price target of $15.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on PLAN:

Tags: ,