Analysts Offer Insights on Technology Companies: Shoals Technologies Group (SHLS) and Varonis Systems (VRNS)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Shoals Technologies Group (SHLS – Research Report) and Varonis Systems (VRNS – Research Report).
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Shoals Technologies Group (SHLS)
In a report issued on February 6, Philip Shen from Roth MKM reiterated a Buy rating on Shoals Technologies Group, with a price target of $15.00. The company’s shares closed last Friday at $10.29.
According to TipRanks.com, Shen is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shoals Technologies Group with a $10.69 average price target, a 6.6% upside from current levels. In a report issued on January 22, Bank of America Securities also reiterated a Buy rating on the stock with a $11.00 price target.
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Varonis Systems (VRNS)
In a report released yesterday, Shrenik Kothari from Robert W. Baird maintained a Hold rating on Varonis Systems. The company’s shares closed last Friday at $22.65.
According to TipRanks.com, Kothari is a 5-star analyst with an average return of
Currently, the analyst consensus on Varonis Systems is a Strong Buy with an average price target of $36.57, implying a 62.2% upside from current levels. In a report issued on January 26, Morgan Stanley also downgraded the stock to Hold with a $41.00 price target.
