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Analysts’ Opinions Are Mixed on These Technology Stocks: SolarEdge Technologies (SEDG), Open Text (OTEX) and Silvaco Group, Inc. (SVCO)

Tipranks - Sat Aug 8, 9:11AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on SolarEdge Technologies (SEDG), Open Text (OTEX) and Silvaco Group, Inc. (SVCO).

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SolarEdge Technologies (SEDG)

UBS analyst Jon Windham maintained a Hold rating on SolarEdge Technologies today and set a price target of $36.00. The company’s shares closed last Friday at $32.90.

According to TipRanks.com, Windham is a 4-star analyst with an average return of 8.8% and a 53.4% success rate. Windham covers the Industrial Goods sector, focusing on stocks such as Republic Services, Waste Connections, and Generac Holdings. ;'>

Currently, the analyst consensus on SolarEdge Technologies is a Hold with an average price target of $34.73, a 1.8% upside from current levels. In a report issued on July 25, TipRanks – PerPlexity also downgraded the stock to Hold with a $46.00 price target.

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Open Text (OTEX)

In a report released today, Seth Gilbert CFA from UBS maintained a Hold rating on Open Text, with a price target of $27.00. The company’s shares closed last Friday at $24.36.

According to TipRanks.com, CFA is ranked #10360 out of 12455 analysts.

Currently, the analyst consensus on Open Text is a Hold with an average price target of $28.06, implying a 9.1% upside from current levels. In a report released yesterday, Raymond James also downgraded the stock to Hold with a $29.50 price target.

Silvaco Group, Inc. (SVCO)

Craig-Hallum analyst Christian Schwab reiterated a Buy rating on Silvaco Group, Inc. today and set a price target of $14.00. The company’s shares closed last Friday at $7.38.

According to TipRanks.com, Schwab is a top 100 analyst with an average return of 37.1% and a 61.8% success rate. Schwab covers the Technology sector, focusing on stocks such as Axcelis Technologies, Ultra Clean Holdings, and Applied Materials. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Silvaco Group, Inc. with a $15.17 average price target, which is a 97.8% upside from current levels. In a report released today, Rosenblatt Securities also maintained a Buy rating on the stock with a $14.00 price target.

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