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Analysts Offer Insights on Technology Companies: J2 Global (JCOM) and Bandwidth (BAND)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on J2 Global (JCOMResearch Report) and Bandwidth (BANDResearch Report) with bullish sentiments.

J2 Global (JCOM)

JMP Securities analyst Joe Goodwin maintained a Buy rating on J2 Global yesterday and set a price target of $163.00. The company’s shares closed last Thursday at $136.62, close to its 52-week high of $147.35.

According to TipRanks.com, Goodwin is a 3-star analyst with an average return of 5.8% and a 47.8% success rate. Goodwin covers the Technology sector, focusing on stocks such as Tyler Technologies, Veeva Systems, and CoStar Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for J2 Global with a $183.25 average price target.

See today’s analyst top recommended stocks >>

Bandwidth (BAND)

JMP Securities analyst Patrick Walravens maintained a Buy rating on Bandwidth today and set a price target of $206.00. The company’s shares closed last Thursday at $90.28, close to its 52-week low of $87.77.

According to TipRanks.com, Walravens is a top 100 analyst with an average return of 29.3% and a 71.4% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, Qualtrics International, and Cornerstone Ondemand.

Bandwidth has an analyst consensus of Moderate Buy, with a price target consensus of $168.33.

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.

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Analysts Are Bullish on Top Technology Stocks: J2 Global (JCOM), Nuance Communications (NUAN)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on J2 Global (JCOMResearch Report), Nuance Communications (NUANResearch Report) and Model N (MODNResearch Report) with bullish sentiments.

J2 Global (JCOM)

In a report issued on August 6, William Power from Robert W. Baird maintained a Buy rating on J2 Global, with a price target of $155.00. The company’s shares closed last Tuesday at $134.52, close to its 52-week high of $147.35.

According to TipRanks.com, Power is a top 100 analyst with an average return of 32.6% and a 71.8% success rate. Power covers the Technology sector, focusing on stocks such as Zoom Video Communications, Axon Enterprise, and Vonage Holdings.

Currently, the analyst consensus on J2 Global is a Strong Buy with an average price target of $171.50, a 27.5% upside from current levels. In a report issued on August 6, RBC Capital also maintained a Buy rating on the stock with a $155.00 price target.

See today’s analyst top recommended stocks >>

Nuance Communications (NUAN)

Leerink Partners analyst Stephanie Davis reiterated a Buy rating on Nuance Communications on August 6 and set a price target of $56.00. The company’s shares closed last Tuesday at $54.81, close to its 52-week high of $55.19.

According to TipRanks.com, Davis is a 4-star analyst with an average return of 17.4% and a 58.5% success rate. Davis covers the Technology sector, focusing on stocks such as Computer Programs and Systems, NextGen Healthcare, and GoodRx Holdings.

Currently, the analyst consensus on Nuance Communications is a Moderate Buy with an average price target of $56.00.

Model N (MODN)

In a report released today, Joseph Vruwink from Robert W. Baird maintained a Buy rating on Model N, with a price target of $46.00. The company’s shares closed last Tuesday at $37.25.

According to TipRanks.com, Vruwink is a 5-star analyst with an average return of 24.2% and a 80.0% success rate. Vruwink covers the Technology sector, focusing on stocks such as Manhattan Associates, Bentley Systems, and Cadence Design.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Model N with a $48.40 average price target, a 30.1% upside from current levels. In a report released today, Craig-Hallum also upgraded the stock to Buy with a $41.00 price target.

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.

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JMP Securities Believes J2 Global (JCOM) Still Has Room to Grow

JMP Securities analyst Joe Goodwin maintained a Buy rating on J2 Global (JCOMResearch Report) today and set a price target of $163.00. The company’s shares closed last Friday at $138.09, close to its 52-week high of $147.35.

According to TipRanks.com, Goodwin is a 3-star analyst with an average return of 15.8% and a 87.5% success rate. Goodwin covers the Technology sector, focusing on stocks such as Tyler Technologies, Veeva Systems, and Guidewire.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for J2 Global with a $170.67 average price target, which is a 19.9% upside from current levels. In a report issued on August 6, RBC Capital also maintained a Buy rating on the stock with a $155.00 price target.

See today’s analyst top recommended stocks >>

J2 Global’s market cap is currently $6.23B and has a P/E ratio of 27.50. The company has a Price to Book ratio of -5.28.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JCOM in relation to earlier this year. Most recently, in May 2021, Richard Ressler, a Director at JCOM bought 15,117 shares for a total of $443,533.

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.

J2 Global, Inc. is a holding company, which engages in the provision of Internet services. It operates through the following segments: Business Cloud Services and Digital Media. The Business Cloud Services segment offers online fax, virtual phone system, unified communications, online backup, customer relationship management, intellectual property licensing, global network operations, and customer support. The Digital Media segment includes display and video advertising, performance marketing, web properties, and licensing activities. The company was founded by Jaye Muller and John F. Rieley in December 1995 and is headquartered in Los Angeles, CA.

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