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Analysts Offer Insights on Technology Companies: Veritone (VERI) and Fabrinet (FN)

Tipranks - Tipranks - Wed Feb 4, 5:22AM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Veritone (VERI – Research Report) and Fabrinet (FN – Research Report) with bullish sentiments.

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Veritone (VERI)

Needham analyst Joshua Reilly maintained a Buy rating on Veritone today and set a price target of $10.00. The company’s shares closed last Monday at $3.67.

According to TipRanks.com, Reilly is a 2-star analyst with an average return of 0.5% and a 41.2% success rate. Reilly covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Tyler Technologies. ;'>

Veritone has an analyst consensus of Moderate Buy, with a price target consensus of $8.33.

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Fabrinet (FN)

In a report released today, Ryan Koontz from Needham maintained a Buy rating on Fabrinet, with a price target of $540.00. The company’s shares closed last Monday at $499.61.

According to TipRanks.com, Koontz is a 5-star analyst with an average return of 19.9% and a 49.8% success rate. Koontz covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Extreme Networks. ;'>

Currently, the analyst consensus on Fabrinet is a Strong Buy with an average price target of $556.33, representing a 14.7% upside. In a report issued on January 22, Susquehanna also maintained a Buy rating on the stock with a $570.00 price target.

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