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Analysts Offer Insights on Technology Companies: Uber Technologies (UBER), Silicon Motion (SIMO) and Extreme Networks (EXTR)

Tipranks - Thu Apr 30, 2:04PM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Uber Technologies (UBER), Silicon Motion (SIMO) and Extreme Networks (EXTR) with bullish sentiments.

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Uber Technologies (UBER)

William Blair analyst Ralph Schackart maintained a Buy rating on Uber Technologies today. The company’s shares closed last Wednesday at $74.42.

According to TipRanks.com, Schackart is a 4-star analyst with an average return of 9.9% and a 54.6% success rate. Schackart covers the NA sector, focusing on stocks such as NerdWallet, Inc. Class A, Alphabet Class C, and Meta Platforms. ;'>

Currently, the analyst consensus on Uber Technologies is a Strong Buy with an average price target of $106.08, implying a 44.0% upside from current levels. In a report issued on April 14, Bernstein also maintained a Buy rating on the stock with a $110.00 price target.

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Silicon Motion (SIMO)

In a report released today, Neil Young CFA from Needham maintained a Buy rating on Silicon Motion, with a price target of $240.00. The company’s shares closed last Wednesday at $211.10.

CFA has an average return of 22.3% when recommending Silicon Motion. ;'>

According to TipRanks.com, CFA is ranked #5943 out of 12215 analysts.

Silicon Motion has an analyst consensus of Strong Buy, with a price target consensus of $196.40, a 0.7% upside from current levels. In a report issued on April 24, Craig-Hallum also maintained a Buy rating on the stock.

Extreme Networks (EXTR)

In a report released today, Michael Genovese from Rosenblatt Securities reiterated a Buy rating on Extreme Networks, with a price target of $29.00. The company’s shares closed last Wednesday at $21.78.

According to TipRanks.com, Genovese is a top 100 analyst with an average return of 43.8% and a 57.4% success rate. Genovese covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Applied Optoelectronics, and Ribbon Communications. ;'>

Extreme Networks has an analyst consensus of Strong Buy, with a price target consensus of $29.00, which is a 60.7% upside from current levels. In a report released today, TipRanks – PerPlexity also upgraded the stock to Buy with a $19.00 price target.

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