Analysts Conflicted on These Technology Names: Nutanix (NTNX), Veeco (VECO) and Allot (ALLT)
Analysts have been eager to weigh in on the Technology sector with new ratings on Nutanix (NTNX – Research Report), Veeco (VECO – Research Report) and Allot (ALLT – Research Report).
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Nutanix (NTNX)
UBS analyst Radi Sultan maintained a Buy rating on Nutanix today and set a price target of $60.00. The company’s shares closed last Wednesday at $38.44.
According to TipRanks.com, Sultan is a 1-star analyst with an average return of
Currently, the analyst consensus on Nutanix is a Moderate Buy with an average price target of $55.78, representing a 48.7% upside. In a report issued on February 11, RBC Capital also maintained a Buy rating on the stock with a $55.00 price target.
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Veeco (VECO)
In a report released today, Charles Shi from Needham maintained a Hold rating on Veeco. The company’s shares closed last Wednesday at $28.46.
According to TipRanks.com, Shi is a 5-star analyst with an average return of
Currently, the analyst consensus on Veeco is a Moderate Buy with an average price target of $36.00, implying a 20.3% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $30.00 price target.
Allot (ALLT)
In a report released today, Matthew Calitri from Needham reiterated a Buy rating on Allot, with a price target of $8.50. The company’s shares closed last Wednesday at $6.91.
According to TipRanks.com, Calitri is ranked #8451 out of 12136 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Allot with a $13.13 average price target, representing a 37.5% upside. In a report issued on February 19, Cantor Fitzgerald also maintained a Buy rating on the stock with a $15.00 price target.
