Analysts Offer Insights on Technology Companies: Rimini Street (RMNI) and Lumentum Holdings (LITE)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Rimini Street (RMNI – Research Report) and Lumentum Holdings (LITE – Research Report) with bullish sentiments.
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Rimini Street (RMNI)
Craig-Hallum analyst Jeff Van Rhee maintained a Buy rating on Rimini Street today. The company’s shares closed last Thursday at $4.01, close to its 52-week high of $4.15.
According to TipRanks.com, Rhee is a 4-star analyst with an average return of
Rimini Street has an analyst consensus of Strong Buy, with a price target consensus of $5.83.
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Lumentum Holdings (LITE)
In a report released today, Richard Shannon from Craig-Hallum maintained a Buy rating on Lumentum Holdings. The company’s shares closed last Thursday at $315.89.
According to TipRanks.com, Shannon is a top 100 analyst with an average return of
Currently, the analyst consensus on Lumentum Holdings is a Moderate Buy with an average price target of $241.29, a -20.4% downside from current levels. In a report issued on November 24, Needham also maintained a Buy rating on the stock with a $290.00 price target.
