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Analysts Conflicted on These Technology Names: Alkami Technology (ALKT), IonQ (IONQ) and Pure Storage (PSTG)

Tipranks - Fri Feb 27, 6:13AM CST

Analysts have been eager to weigh in on the Technology sector with new ratings on Alkami Technology (ALKTResearch Report), IonQ (IONQResearch Report) and Pure Storage (PSTGResearch Report).

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Alkami Technology (ALKT)

In a report released today, Adam Hotchkiss from Goldman Sachs maintained a Hold rating on Alkami Technology. The company’s shares closed last Wednesday at $16.37.

According to TipRanks.com, Hotchkiss has 0 stars on 0-5 stars ranking scale with an average return of -5.2% and a 35.6% success rate. Hotchkiss covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Via Transportation, Inc. Class A, and ServiceTitan, Inc. Class A. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alkami Technology with a $26.80 average price target, which is a 69.8% upside from current levels. In a report released yesterday, Barclays also maintained a Hold rating on the stock with a $21.00 price target.

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IonQ (IONQ)

In a report released today, Quinn Bolton from Needham maintained a Buy rating on IonQ, with a price target of $65.00. The company’s shares closed last Wednesday at $33.59.

According to TipRanks.com, Bolton is a top 100 analyst with an average return of 38.7% and a 62.3% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Lattice Semiconductor. ;'>

IonQ has an analyst consensus of Moderate Buy, with a price target consensus of $67.44, a 109.5% upside from current levels. In a report issued on February 24, Craig-Hallum also maintained a Buy rating on the stock.

Pure Storage (PSTG)

In a report released today, Mike Cikos from Needham maintained a Buy rating on Pure Storage, with a price target of $100.00. The company’s shares closed last Wednesday at $73.56, close to its 52-week high of $73.67.

According to TipRanks.com, Cikos is a 3-star analyst with an average return of 3.3% and a 41.6% success rate. Cikos covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Pure Storage has an analyst consensus of Moderate Buy, with a price target consensus of $93.29, implying a 35.7% upside from current levels. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $81.00 price target.

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