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Analysts Have Conflicting Sentiments on These Technology Companies: Flex (FLEX), Automatic Data Processing (ADP) and Radware (RDWR)

Tipranks - Thu Jul 30, 2:46PM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Flex (FLEX), Automatic Data Processing (ADP) and Radware (RDWR).

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Flex (FLEX)

Raymond James analyst Melissa Fairbanks maintained a Buy rating on Flex today and set a price target of $170.00. The company’s shares closed last Wednesday at $102.95.

According to TipRanks.com, Fairbanks is a 5-star analyst with an average return of 38.3% and a 73.3% success rate. Fairbanks covers the Technology sector, focusing on stocks such as SiTime Corporation, Arrow Electronics, and Monolithic Power. ;'>

Flex has an analyst consensus of Strong Buy, with a price target consensus of $174.00, implying a 74.0% upside from current levels. In a report issued on July 16, Freedom Capital Markets also upgraded the stock to Buy with a $150.00 price target.

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Automatic Data Processing (ADP)

In a report released today, Jared Levine from TD Cowen maintained a Hold rating on Automatic Data Processing, with a price target of $283.00. The company’s shares closed last Wednesday at $273.25.

According to TipRanks.com, Levine is a 1-star analyst with an average return of -3.0% and a 45.0% success rate. Levine covers the Technology sector, focusing on stocks such as Bill.com Holdings, Paylocity, and Paychex. ;'>

Automatic Data Processing has an analyst consensus of Hold, with a price target consensus of $263.00, representing a -0.7% downside. In a report issued on July 15, TipRanks – Anthropic also downgraded the stock to Hold with a $272.00 price target.

Radware (RDWR)

Needham analyst Jeffrey Hopson CFA maintained a Hold rating on Radware today. The company’s shares closed last Wednesday at $23.88, close to its 52-week high of $25.00.

The word on The Street in general, suggests a Hold analyst consensus rating for Radware.

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