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Analysts’ Opinions Are Mixed on These Technology Stocks: Commerce.com (CMRC), Garmin (GRMN) and Enphase Energy (ENPH)

Tipranks - Fri May 1, 4:12AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Commerce.com (CMRC), Garmin (GRMN) and Enphase Energy (ENPH).

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Commerce.com (CMRC)

Needham analyst Scott Berg maintained a Buy rating on Commerce.com today and set a price target of $7.50. The company’s shares closed last Wednesday at $2.79.

According to TipRanks.com, Berg is ranked 0 out of 5 stars with an average return of -9.1% and a 36.4% success rate. Berg covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, ServiceTitan, Inc. Class A, and Zeta Global Holdings Corp. ;'>

Currently, the analyst consensus on Commerce.com is a Hold with an average price target of $4.50.

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Garmin (GRMN)

Barclays analyst Tim Long maintained a Hold rating on Garmin today and set a price target of $238.00. The company’s shares closed last Wednesday at $253.08.

According to TipRanks.com, Long is a 5-star analyst with an average return of 18.4% and a 63.2% success rate. Long covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and TD SYNNEX Corporation. ;'>

Garmin has an analyst consensus of Hold, with a price target consensus of $256.00, which is a 5.8% upside from current levels. In a report issued on April 16, J.P. Morgan also maintained a Hold rating on the stock with a $285.00 price target.

Enphase Energy (ENPH)

In a report released today, Christine Cho CFA from Barclays maintained a Sell rating on Enphase Energy, with a price target of $31.00. The company’s shares closed last Wednesday at $31.19.

CFA has an average return of 33.0% when recommending Enphase Energy. ;'>

According to TipRanks.com, CFA is ranked #5695 out of 12214 analysts.

Enphase Energy has an analyst consensus of Moderate Buy, with a price target consensus of $42.59, implying a 25.2% upside from current levels. In a report issued on April 27, Morgan Stanley also maintained a Sell rating on the stock with a $28.00 price target.

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