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Analysts Offer Insights on Technology Companies: Enphase Energy (ENPH), Xero Limited (OtherXROLF) and Shoals Technologies Group (SHLS)

Tipranks - Tipranks - Tue Apr 21, 3:54PM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Enphase Energy (ENPH), Xero Limited (XROLF) and Shoals Technologies Group (SHLS).

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Enphase Energy (ENPH)

BMO Capital analyst Ameet Thakkar maintained a Hold rating on Enphase Energy today and set a price target of $37.00. The company’s shares closed last Monday at $33.88.

According to TipRanks.com, Thakkar is ranked #11485 out of 12208 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enphase Energy with a $43.77 average price target, implying a 36.4% upside from current levels. In a report issued on April 6, TipRanks – PerPlexity also downgraded the stock to Hold with a $37.00 price target.

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Xero Limited (XROLF)

Jefferies analyst Charles Brennan maintained a Hold rating on Xero Limited yesterday. The company’s shares closed last Friday at $59.93.

According to TipRanks.com, Brennan is ranked #1252 out of 12208 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Xero Limited with a $106.86 average price target, which is an 80.5% upside from current levels. In a report issued on April 10, TipRanks – Google also reiterated a Hold rating on the stock with a A$80.00 price target.

Shoals Technologies Group (SHLS)

Roth MKM analyst Philip Shen reiterated a Buy rating on Shoals Technologies Group today and set a price target of $10.00. The company’s shares closed last Monday at $7.08.

According to TipRanks.com, Shen is a 4-star analyst with an average return of 9.0% and a 43.9% success rate. Shen covers the Technology sector, focusing on stocks such as SolarEdge Technologies, Array Technologies, and Daqo New Energy. ;'>

Currently, the analyst consensus on Shoals Technologies Group is a Moderate Buy with an average price target of $9.53, which is a 32.0% upside from current levels. In a report issued on April 9, Barclays also maintained a Buy rating on the stock with a $9.00 price target.

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