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Analysts Conflicted on These Technology Names: Cloudflare (NET), NICE (NICE) and SailPoint, Inc. (SAIL)

Tipranks - Thu Jun 11, 8:12AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Cloudflare (NET), NICE (NICE) and SailPoint, Inc. (SAIL).

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Cloudflare (NET)

In a report released yesterday, Thomas Blakey from Cantor Fitzgerald assigned a Hold rating to Cloudflare, with a price target of $230.00. The company’s shares closed last Tuesday at $236.13.

According to TipRanks.com, Blakey is a 4-star analyst with an average return of 5.4% and a 48.2% success rate. Blakey covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, Zoom Video Communications, and DigitalOcean Holdings. ;'>

Cloudflare has an analyst consensus of Moderate Buy, with a price target consensus of $3779.36, which is a 1437.0% upside from current levels. In a report issued on June 2, TipRanks – PerPlexity also downgraded the stock to Hold with a $297.00 price target.

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NICE (NICE)

In a report released today, Daniel Ives from Wedbush maintained a Hold rating on NICE, with a price target of $100.00. The company’s shares closed last Tuesday at $88.62.

According to TipRanks.com, Ives is a 5-star analyst with an average return of 15.4% and a 54.3% success rate. Ives covers the Technology sector, focusing on stocks such as International Business Machines, Palantir Technologies, and Rubrik, Inc. Class A. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NICE with a $132.36 average price target, representing a 47.1% upside. In a report issued on June 6, TipRanks – OpenAI also downgraded the stock to Hold with a $102.00 price target.

SailPoint, Inc. (SAIL)

Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated a Buy rating on SailPoint, Inc. yesterday and set a price target of $23.00. The company’s shares closed last Tuesday at $15.66.

According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 23.0% and a 61.7% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Currently, the analyst consensus on SailPoint, Inc. is a Strong Buy with an average price target of $19.59, a 27.9% upside from current levels. In a report issued on May 25, Roth MKM also initiated coverage with a Buy rating on the stock with a $19.00 price target.

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