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Analysts Conflicted on These Technology Names: Sonos (SONO), Tyler Technologies (TYL) and Cloudflare (NET)

Tipranks - Thu Jun 11, 6:04AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Sonos (SONO), Tyler Technologies (TYL) and Cloudflare (NET).

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Sonos (SONO)

Morgan Stanley analyst Erik Woodring maintained a Hold rating on Sonos yesterday and set a price target of $18.00. The company’s shares closed last Tuesday at $15.38.

According to TipRanks.com, Woodring is a 5-star analyst with an average return of 31.6% and a 60.8% success rate. Woodring covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, International Business Machines, and Hewlett Packard Enterprise. ;'>

Currently, the analyst consensus on Sonos is a Moderate Buy with an average price target of $19.50.

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Tyler Technologies (TYL)

In a report released today, J. Parker Lane from Stifel Nicolaus maintained a Buy rating on Tyler Technologies, with a price target of $400.00. The company’s shares closed last Tuesday at $308.92.

According to TipRanks.com, Lane ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -10.2% and a 31.6% success rate. Lane covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Klaviyo, Inc. Class A, and ZoomInfo Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tyler Technologies with a $429.42 average price target, implying a 44.5% upside from current levels. In a report issued on May 29, TipRanks – PerPlexity also upgraded the stock to Buy with a $353.00 price target.

Cloudflare (NET)

Morgan Stanley analyst Sanjit Singh maintained a Buy rating on Cloudflare today and set a price target of $305.00. The company’s shares closed last Tuesday at $236.13.

According to TipRanks.com, Singh is a 4-star analyst with an average return of 7.0% and a 54.5% success rate. Singh covers the Technology sector, focusing on stocks such as Palantir Technologies, PagerDuty, and Snowflake. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $4083.87 average price target, a 1560.8% upside from current levels. In a report issued on May 26, TipRanks – PerPlexity also upgraded the stock to Buy with a $241.00 price target.

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