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Analysts Conflicted on These Technology Names: Innodata (INOD), Lam Research (LRCX) and C3ai (AI)

Tipranks - Fri Jun 5, 8:12AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Innodata (INOD), Lam Research (LRCX) and C3ai (AI).

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Innodata (INOD)

In a report released today, Daniel Ives from Wedbush assigned a Buy rating to Innodata, with a price target of $120.00. The company’s shares closed last Thursday at $102.59.

According to TipRanks.com, Ives is a 5-star analyst with an average return of 18.8% and a 58.4% success rate. Ives covers the Technology sector, focusing on stocks such as International Business Machines, Palantir Technologies, and Rubrik, Inc. Class A. ;'>

Currently, the analyst consensus on Innodata is a Strong Buy with an average price target of $105.25, which is a -2.8% downside from current levels. In a report issued on May 30, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $119.00 price target.

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Lam Research (LRCX)

Evercore ISI analyst Mark Lipacis maintained a Buy rating on Lam Research today and set a price target of $300.00. The company’s shares closed last Thursday at $333.09.

According to TipRanks.com, Lipacis is a top 25 analyst with an average return of 48.6% and a 74.2% success rate. Lipacis covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and ARM Holdings PLC ADR. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lam Research with a $323.84 average price target, representing a -5.8% downside. In a report issued on June 1, Wells Fargo also maintained a Buy rating on the stock with a $365.00 price target.

C3ai (AI)

Needham analyst Mike Cikos maintained a Hold rating on C3ai today. The company’s shares closed last Thursday at $10.71.

According to TipRanks.com, Cikos is a 5-star analyst with an average return of 13.3% and a 56.9% success rate. Cikos covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Currently, the analyst consensus on C3ai is a Moderate Sell with an average price target of $8.83, implying a -17.6% downside from current levels. In a report released today, UBS also maintained a Hold rating on the stock with a $12.00 price target.

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