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Analysts’ Opinions Are Mixed on These Technology Stocks: Trimble (TRMB) and Enphase Energy (ENPH)

Tipranks - Fri Jun 12, 7:56AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Trimble (TRMB) and Enphase Energy (ENPH).

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Trimble (TRMB)

Bernstein analyst Chad Dillard maintained a Buy rating on Trimble yesterday and set a price target of $85.00. The company’s shares closed last Wednesday at $50.60, close to its 52-week low of $48.65.

According to TipRanks.com, Dillard is a 4-star analyst with an average return of 8.8% and a 63.4% success rate. Dillard covers the Industrial Goods sector, focusing on stocks such as Legence Corp. Class A, Jacobs Solutions, and Quanta Services. ;'>

Currently, the analyst consensus on Trimble is a Strong Buy with an average price target of $83.00, implying a 59.1% upside from current levels. In a report issued on May 27, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $62.00 price target.

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Enphase Energy (ENPH)

In a report released today, Gordon Johnson from GLJ Research maintained a Sell rating on Enphase Energy, with a price target of $21.70. The company’s shares closed last Wednesday at $50.57.

According to TipRanks.com, Johnson is ranked 0 out of 5 stars with an average return of -6.5% and a 53.1% success rate. Johnson covers the Technology sector, focusing on stocks such as SolarEdge Technologies, Nextpower Inc, and First Solar. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Enphase Energy with a $45.77 average price target.

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