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Analysts’ Opinions Are Mixed on These Technology Stocks: Cloudflare (NET), Zoom Video Communications (ZM) and Tenable Holdings (TENB)

Tipranks - Tipranks - Sat May 23, 6:52AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cloudflare (NET), Zoom Video Communications (ZM) and Tenable Holdings (TENB).

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Cloudflare (NET)

In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Buy rating on Cloudflare, with a price target of $240.00. The company’s shares closed last Thursday at $212.65.

According to TipRanks.com, Hedberg is a 4-star analyst with an average return of 2.7% and a 49.0% success rate. Hedberg covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Cloudflare has an analyst consensus of Moderate Buy, with a price target consensus of $237.83, implying a 13.0% upside from current levels. In a report issued on May 7, TipRanks – Google also upgraded the stock to Buy with a $278.00 price target.

See today’s best-performing stocks on TipRanks >>

Zoom Video Communications (ZM)

In a report released yesterday, Thomas Blakey from Cantor Fitzgerald maintained a Hold rating on Zoom Video Communications, with a price target of $104.00. The company’s shares closed last Thursday at $96.75.

According to TipRanks.com, Blakey is a 4-star analyst with an average return of 4.2% and a 47.1% success rate. Blakey covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, DigitalOcean Holdings, and Palantir Technologies. ;'>

Zoom Video Communications has an analyst consensus of Moderate Buy, with a price target consensus of $109.63, implying a 10.7% upside from current levels. In a report released yesterday, KeyBanc also upgraded the stock to Hold.

Tenable Holdings (TENB)

In a report released today, Junaid Siddiqui from Truist Financial reiterated a Buy rating on Tenable Holdings, with a price target of $27.00. The company’s shares closed last Thursday at $25.17.

According to TipRanks.com, Siddiqui is a 5-star analyst with an average return of 17.9% and a 67.0% success rate. Siddiqui covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Rubrik, Inc. Class A, and Palo Alto Networks. ;'>

Currently, the analyst consensus on Tenable Holdings is a Moderate Buy with an average price target of $28.59, representing a 15.2% upside. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $28.00 price target.

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