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Analysts Offer Insights on Technology Companies: Cadence Design (CDNS), Wix (WIX) and F5, Inc. (FFIV)

Tipranks - Tipranks - Wed Jun 10, 6:36AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cadence Design (CDNS), Wix (WIX) and F5, Inc. (FFIV).

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Cadence Design (CDNS)

Stifel Nicolaus analyst Ruben Roy maintained a Buy rating on Cadence Design today and set a price target of $432.00. The company’s shares closed last Monday at $394.24.

According to TipRanks.com, Roy is a top 25 analyst with an average return of 62.1% and a 74.6% success rate. Roy covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Skyworks Solutions. ;'>

Currently, the analyst consensus on Cadence Design is a Strong Buy with an average price target of $384.54, representing a 0.4% upside. In a report issued on May 26, Berenberg Bank also maintained a Buy rating on the stock with a $440.00 price target.

See the top stocks recommended by analysts >>

Wix (WIX)

RBC Capital analyst Brad Erickson maintained a Hold rating on Wix today and set a price target of $45.00. The company’s shares closed last Monday at $48.21.

According to TipRanks.com, Erickson is a 4-star analyst with an average return of 6.1% and a 49.6% success rate. Erickson covers the Technology sector, focusing on stocks such as Uber Technologies, GoDaddy, and Lyft. ;'>

Currently, the analyst consensus on Wix is a Moderate Buy with an average price target of $87.63, representing an 83.7% upside. In a report issued on May 28, Wells Fargo also maintained a Hold rating on the stock with a $54.00 price target.

F5, Inc. (FFIV)

RBC Capital analyst Matthew Hedberg maintained a Buy rating on F5, Inc. today and set a price target of $450.00. The company’s shares closed last Monday at $396.19.

According to TipRanks.com, Hedberg is a 4-star analyst with an average return of 4.7% and a 49.9% success rate. Hedberg covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, CrowdStrike Holdings, and Octave Intelligence. ;'>

F5, Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $404.25, representing a 3.2% upside. In a report issued on May 27, J.P. Morgan also maintained a Buy rating on the stock with a $435.00 price target.

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