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Analysts Are Bullish on These Technology Stocks: Powerfleet (PWFL), Block (SQ)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Powerfleet (PWFLResearch Report), Block (SQResearch Report) and Concentrix (CNXCResearch Report) with bullish sentiments.

Powerfleet (PWFL)

In a report released yesterday, Michael Walkley from Canaccord Genuity maintained a Buy rating on Powerfleet, with a price target of $10.00. The company’s shares closed last Wednesday at $4.94, close to its 52-week high of $5.05.

According to TipRanks.com, Walkley is a 5-star analyst with an average return of 16.7% and a 58.0% success rate. Walkley covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Digi International, and CyberArk Software.

Powerfleet has an analyst consensus of Strong Buy, with a price target consensus of $8.00, which is a 67.0% upside from current levels. In a report issued on March 15, Craig-Hallum also initiated coverage with a Buy rating on the stock with a $9.00 price target.

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Block (SQ)

BMO Capital analyst Rufus Hone maintained a Buy rating on Block today and set a price target of $92.00. The company’s shares closed last Wednesday at $83.18, close to its 52-week high of $87.52.

According to TipRanks.com, Hone is a 4-star analyst with an average return of 11.2% and a 73.0% success rate. Hone covers the Financial sector, focusing on stocks such as Paypal Holdings, Western Union, and Mastercard.

Currently, the analyst consensus on Block is a Strong Buy with an average price target of $90.25, a 6.3% upside from current levels. In a report issued on March 15, Barclays also initiated coverage with a Buy rating on the stock with a $100.00 price target.

Concentrix (CNXC)

In a report released yesterday, Joseph Vafi from Canaccord Genuity maintained a Buy rating on Concentrix, with a price target of $125.00. The company’s shares closed last Wednesday at $65.20, close to its 52-week low of $59.23.

According to TipRanks.com, Vafi is a 5-star analyst with an average return of 26.1% and a 51.6% success rate. Vafi covers the Technology sector, focusing on stocks such as Repay Holdings, Microstrategy, and ACI Worldwide.

Currently, the analyst consensus on Concentrix is a Moderate Buy with an average price target of $97.25, which is a 62.2% upside from current levels. In a report released yesterday, Barrington also maintained a Buy rating on the stock with a $84.00 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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Analysts Have Conflicting Sentiments on These Technology Companies: LiveRamp Holdings (RAMP), Desktop Metal (DM) and Powerfleet (PWFL)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on LiveRamp Holdings (RAMPResearch Report), Desktop Metal (DMResearch Report) and Powerfleet (PWFLResearch Report).

LiveRamp Holdings (RAMP)

Craig-Hallum analyst Jason Kreyer assigned a Buy rating to LiveRamp Holdings today. The company’s shares closed last Thursday at $33.83.

According to TipRanks.com, Kreyer is a 5-star analyst with an average return of 13.6% and a 49.2% success rate. Kreyer covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Viant Technology, and Par Technology.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for LiveRamp Holdings with a $48.75 average price target, which is a 43.4% upside from current levels. In a report issued on March 1, Wells Fargo also maintained a Buy rating on the stock with a $50.00 price target.

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Desktop Metal (DM)

In a report released today, Greg Palm from Craig-Hallum assigned a Hold rating to Desktop Metal. The company’s shares closed last Thursday at $0.62, close to its 52-week low of $0.46.

According to TipRanks.com, Palm is a 5-star analyst with an average return of 11.1% and a 54.9% success rate. Palm covers the Technology sector, focusing on stocks such as Sportradar Group AG, SkyWater Technology, and Markforged Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Desktop Metal with a $1.05 average price target.

Powerfleet (PWFL)

In a report released today, Anthony Stoss from Craig-Hallum initiated coverage with a Buy rating on Powerfleet and a price target of $9.00. The company’s shares closed last Thursday at $3.77, close to its 52-week high of $4.19.

According to TipRanks.com, Stoss is a 5-star analyst with an average return of 9.4% and a 56.8% success rate. Stoss covers the Technology sector, focusing on stocks such as Akoustis Technologies, indie Semiconductor, and STMicroelectronics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Powerfleet with a $8.25 average price target, representing a 130.4% upside. In a report issued on March 12, Canaccord Genuity also maintained a Buy rating on the stock with a $10.00 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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