This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts’ Opinions Are Mixed on These Technology Stocks: Airgain (AIRG), Red Violet (RDVT) and Allient (ALNT)

Tipranks - Fri May 8, 8:12AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Airgain (AIRG), Red Violet (RDVT) and Allient (ALNT).

Claim 55% Off TipRanks

Airgain (AIRG)

In a report released today, Tim Savageaux from Northland Securities reiterated a Buy rating on Airgain, with a price target of $8.50. The company’s shares closed last Wednesday at $7.05.

According to TipRanks.com, Savageaux is a top 100 analyst with an average return of 49.7% and a 62.6% success rate. Savageaux covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Grid Dynamics Holdings, and Ribbon Communications. ;'>

Currently, the analyst consensus on Airgain is a Strong Buy with an average price target of $7.33, representing a 4.0% upside. In a report issued on May 5, Craig-Hallum also maintained a Buy rating on the stock.

See the top stocks recommended by analysts >>

Red Violet (RDVT)

In a report released today, Eric Martinuzzi from Lake Street reiterated a Buy rating on Red Violet, with a price target of $62.00. The company’s shares closed last Wednesday at $43.60.

According to TipRanks.com, Martinuzzi is a 5-star analyst with an average return of 10.9% and a 49.5% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as SoundThinking Inc, One Stop Systems, and Cognyte Software. ;'>

Red Violet has an analyst consensus of Moderate Buy, with a price target consensus of $63.50, representing a 57.5% upside. In a report issued on April 23, TipRanks – xAI also upgraded the stock to Buy with a $45.00 price target.

Allient (ALNT)

In a report released today, Ted Jackson from Northland Securities maintained a Hold rating on Allient. The company’s shares closed last Wednesday at $77.52.

According to TipRanks.com, Jackson is a 5-star analyst with an average return of 41.9% and a 57.5% success rate. Jackson covers the Industrial Goods sector, focusing on stocks such as Hyster-Yale Materials Handling, Mayville Engineering Company, and Amprius Technologies Inc. ;'>

Currently, the analyst consensus on Allient is a Moderate Buy with an average price target of $72.67, a -8.0% downside from current levels. In a report issued on April 25, TipRanks – xAI also reiterated a Hold rating on the stock with a $79.00 price target.

Read More on AIRG:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.