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Analysts Offer Insights on Technology Companies: Grid Dynamics Holdings (GDYN), Ciena (CIEN) and SentinelOne (S)

Tipranks - Sat Mar 7, 6:46AM CST

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Grid Dynamics Holdings (GDYNResearch Report), Ciena (CIENResearch Report) and SentinelOne (SResearch Report).

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Grid Dynamics Holdings (GDYN)

In a report released today, Puneet Jain from J.P. Morgan maintained a Buy rating on Grid Dynamics Holdings, with a price target of $9.00. The company’s shares closed last Thursday at $7.15.

According to TipRanks.com, Jain has 0 stars on 0-5 stars ranking scale with an average return of -13.8% and a 27.1% success rate. Jain covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions, Endava, and TaskUs. ;'>

Currently, the analyst consensus on Grid Dynamics Holdings is a Strong Buy with an average price target of $9.29, implying a 28.5% upside from current levels. In a report released today, William Blair also maintained a Buy rating on the stock with a $7.15 price target.

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Ciena (CIEN)

In a report released yesterday, Samik Chatterjee from J.P. Morgan reiterated a Buy rating on Ciena, with a price target of $380.00. The company’s shares closed last Thursday at $299.30.

According to TipRanks.com, Chatterjee is a top 100 analyst with an average return of 34.0% and a 68.1% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, Hewlett Packard Enterprise, and Keysight Technologies. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ciena with a $314.21 average price target, implying a 0.7% upside from current levels. In a report released today, Bank of America Securities also upgraded the stock to Buy with a $355.00 price target.

SentinelOne (S)

J.P. Morgan analyst Brian Essex maintained a Hold rating on SentinelOne today and set a price target of $17.00. The company’s shares closed last Thursday at $13.97.

According to TipRanks.com, Essex is a 4-star analyst with an average return of 5.3% and a 49.3% success rate. Essex covers the Technology sector, focusing on stocks such as International Business Machines, CrowdStrike Holdings, and Palo Alto Networks. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SentinelOne with a $19.03 average price target, which is a 41.0% upside from current levels. In a report released yesterday, D.A. Davidson also maintained a Hold rating on the stock with a $14.00 price target.

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