This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Have Conflicting Sentiments on These Technology Companies: Lyft (LYFT), Amdocs (DOX) and Cisco Systems (CSCO)

Tipranks - Fri May 15, 5:32AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Lyft (LYFT), Amdocs (DOX) and Cisco Systems (CSCO).

Claim 55% Off TipRanks

Lyft (LYFT)

Bernstein analyst Nikhil Devnani maintained a Hold rating on Lyft today and set a price target of $16.00. The company’s shares closed last Wednesday at $13.68.

According to TipRanks.com, Devnani is a 3-star analyst with an average return of 6.1% and a 45.8% success rate. Devnani covers the NA sector, focusing on stocks such as Maplebear, DoorDash, and Wayfair. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lyft with a $18.84 average price target, representing a 35.7% upside. In a report issued on May 8, TipRanks – PerPlexity also downgraded the stock to Hold with a $15.50 price target.

See Insiders’ Hot Stocks on TipRanks >>

Amdocs (DOX)

Bank of America Securities analyst Tal Liani reiterated a Buy rating on Amdocs today and set a price target of $78.00. The company’s shares closed last Wednesday at $59.93.

According to TipRanks.com, Liani is a 5-star analyst with an average return of 9.5% and a 56.5% success rate. Liani covers the Technology sector, focusing on stocks such as Arista Networks, Cisco Systems, and Check Point. ;'>

Amdocs has an analyst consensus of Moderate Buy, with a price target consensus of $83.00, which is a 32.2% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also upgraded the stock to Buy with a $74.00 price target.

Cisco Systems (CSCO)

Wells Fargo analyst Aaron Rakers maintained a Buy rating on Cisco Systems yesterday and set a price target of $130.00. The company’s shares closed last Wednesday at $101.87.

According to TipRanks.com, Rakers is a top 25 analyst with an average return of 50.5% and a 73.7% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Keysight Technologies. ;'>

Cisco Systems has an analyst consensus of Moderate Buy, with a price target consensus of $110.30, a 11.0% upside from current levels. In a report issued on May 4, Evercore ISI also maintained a Buy rating on the stock with a $110.00 price target.

Read More on LYFT:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.