Analysts Offer Insights on Technology Companies: Lumentum Holdings (LITE), Lyft (LYFT) and Atlassian (TEAM)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Lumentum Holdings (LITE – Research Report), Lyft (LYFT – Research Report) and Atlassian (TEAM – Research Report).
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Lumentum Holdings (LITE)
In a report released today, Ruben Roy from Stifel Nicolaus maintained a Buy rating on Lumentum Holdings, with a price target of $800.00. The company’s shares closed last Tuesday at $649.56.
According to TipRanks.com, Roy is a top 25 analyst with an average return of
Lumentum Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $642.73, which is a 7.7% upside from current levels. In a report issued on March 3, TipRanks – PerPlexity also upgraded the stock to Buy with a $782.00 price target.
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Lyft (LYFT)
In a report released today, Jake Fuller from BTIG maintained a Hold rating on Lyft. The company’s shares closed last Tuesday at $14.04.
According to TipRanks.com, Fuller is a 4-star analyst with an average return of
Currently, the analyst consensus on Lyft is a Hold with an average price target of $18.91, implying a 34.7% upside from current levels. In a report issued on March 3, Mizuho Securities also maintained a Hold rating on the stock with a $15.00 price target.
Atlassian (TEAM)
Truist Financial analyst Miller Jump maintained a Buy rating on Atlassian today. The company’s shares closed last Tuesday at $74.91.
According to TipRanks.com, Jump is a 3-star analyst with an average return of
Atlassian has an analyst consensus of Strong Buy, with a price target consensus of $163.40, an 115.9% upside from current levels. In a report issued on March 11, Cantor Fitzgerald also maintained a Buy rating on the stock with a $146.00 price target.
