Analysts Offer Insights on Technology Companies: Maxlinear (MXL), Open Text (OTEX) and CommVault Systems (CVLT)
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Maxlinear (MXL – Research Report), Open Text (OTEX – Research Report) and CommVault Systems (CVLT – Research Report) with bullish sentiments.
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Maxlinear (MXL)
Stifel Nicolaus analyst Tore Svanberg reiterated a Buy rating on Maxlinear today and set a price target of $23.00. The company’s shares closed last Thursday at $19.27.
According to TipRanks.com, Svanberg is a 5-star analyst with an average return of
Maxlinear has an analyst consensus of Moderate Buy, with a price target consensus of $21.75, implying a 13.6% upside from current levels. In a report issued on January 16, Benchmark Co. also maintained a Buy rating on the stock with a $28.00 price target.
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Open Text (OTEX)
Scotiabank analyst Kevin Krishnaratne maintained a Buy rating on Open Text today and set a price target of $50.00. The company’s shares closed last Thursday at $26.38, close to its 52-week low of $24.86.
According to TipRanks.com, Krishnaratne is a 1-star analyst with an average return of
Currently, the analyst consensus on Open Text is a Hold with an average price target of $38.50, representing a 42.5% upside. In a report issued on January 17, TipRanks – OpenAI also upgraded the stock to Buy with a C$47.00 price target.
CommVault Systems (CVLT)
In a report released today, James Fish from Piper Sandler maintained a Buy rating on CommVault Systems, with a price target of $146.00. The company’s shares closed last Thursday at $87.50.
According to TipRanks.com, Fish is a 4-star analyst with an average return of
CommVault Systems has an analyst consensus of Strong Buy, with a price target consensus of $140.33, implying a 57.9% upside from current levels. In a report issued on January 27, TipRanks – Google also upgraded the stock to Buy with a $144.00 price target.
