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Analysts Have Conflicting Sentiments on These Technology Companies: Cognex (CGNX), Atlassian (TEAM) and Sprout Social (SPT)

Tipranks - Tipranks - Sat Aug 8, 7:34AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Cognex (CGNX), Atlassian (TEAM) and Sprout Social (SPT).

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Cognex (CGNX)

In a report released today, Quinn Fredrickson from Robert W. Baird reiterated a Hold rating on Cognex. The company’s shares closed last Thursday at $67.38.

According to TipRanks.com, Fredrickson is a 3-star analyst with an average return of 7.8% and a 56.5% success rate. Fredrickson covers the Technology sector, focusing on stocks such as Keysight Technologies, Badger Meter, and Zebra Tech. ;'>

Cognex has an analyst consensus of Moderate Buy, with a price target consensus of $77.27, which is a 7.1% upside from current levels. In a report released yesterday, D.A. Davidson also maintained a Hold rating on the stock with a $62.00 price target.

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Atlassian (TEAM)

Morgan Stanley analyst Adam Wood maintained a Buy rating on Atlassian today and set a price target of $180.00. The company’s shares closed last Thursday at $110.17.

According to TipRanks.com, Wood is a 4-star analyst with an average return of 8.0% and a 54.6% success rate. Wood covers the Technology sector, focusing on stocks such as Salesforce, ServiceNow, and Microsoft. ;'>

Atlassian has an analyst consensus of Strong Buy, with a price target consensus of $174.00, implying a 60.0% upside from current levels. In a report issued on July 25, TipRanks – PerPlexity also upgraded the stock to Buy with a $89.00 price target.

Sprout Social (SPT)

In a report released today, Arjun Bhatia from William Blair reiterated a Hold rating on Sprout Social. The company’s shares closed last Thursday at $8.19.

According to TipRanks.com, Bhatia is a 2-star analyst with an average return of 0.0% and a 45.8% success rate. Bhatia covers the Technology sector, focusing on stocks such as Zoom Video Communications, Zeta Global Holdings Corp, and Klaviyo, Inc. Class A. ;'>

Currently, the analyst consensus on Sprout Social is a Hold with an average price target of $10.00, which is a 22.1% upside from current levels. In a report released today, Canaccord Genuity also maintained a Hold rating on the stock with a $10.00 price target.

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