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Analysts Have Conflicting Sentiments on These Technology Companies: Red Violet (RDVT) and AST SpaceMobile (ASTS)

Tipranks - Sat May 30, 9:48AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Red Violet (RDVT) and AST SpaceMobile (ASTS).

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Red Violet (RDVT)

In a report released today, Eric Martinuzzi from Lake Street maintained a Buy rating on Red Violet, with a price target of $62.00. The company’s shares closed last Friday at $56.24.

According to TipRanks.com, Martinuzzi is a 5-star analyst with an average return of 11.8% and a 50.4% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as SoundThinking Inc, Cognyte Software, and One Stop Systems. ;'>

Currently, the analyst consensus on Red Violet is a Moderate Buy with an average price target of $63.50.

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AST SpaceMobile (ASTS)

William Blair analyst Louie DiPalma maintained a Hold rating on AST SpaceMobile today. The company’s shares closed last Friday at $107.48.

According to TipRanks.com, DiPalma is a 5-star analyst with an average return of 10.7% and a 56.4% success rate. DiPalma covers the Technology sector, focusing on stocks such as Palantir Technologies, Science Applications, and Motorola Solutions. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for AST SpaceMobile with a $86.13 average price target, which is a -24.1% downside from current levels. In a report released yesterday, TipRanks – PerPlexity also downgraded the stock to Hold with a $137.00 price target.

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