Analysts’ Opinions Are Mixed on These Technology Stocks: Shopify (SHOP), Ubiquiti Networks (UI) and Cognex (CGNX)
Analysts have been eager to weigh in on the Technology sector with new ratings on Shopify (SHOP), Ubiquiti Networks (UI) and Cognex (CGNX).
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Shopify (SHOP)
In a report issued on May 8, J. Parker Lane from Stifel Nicolaus maintained a Hold rating on Shopify, with a price target of $110.00. The company’s shares closed last Friday at $110.41.
According to TipRanks.com, Lane has 0 stars on 0-5 stars ranking scale with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shopify with a $159.09 average price target, which is a 44.1% upside from current levels. In a report issued on May 9, TipRanks – Anthropic also downgraded the stock to Hold with a C$163.00 price target.
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Ubiquiti Networks (UI)
Barclays analyst Tim Long maintained a Sell rating on Ubiquiti Networks today and set a price target of $672.00. The company’s shares closed last Friday at $842.10.
According to TipRanks.com, Long is a 5-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Ubiquiti Networks with a $826.00 average price target.
Cognex (CGNX)
In a report released today, Guy Hardwick from Barclays maintained a Buy rating on Cognex, with a price target of $75.00. The company’s shares closed last Friday at $65.66.
According to TipRanks.com, Hardwick is a 4-star analyst with an average return of
Cognex has an analyst consensus of Moderate Buy, with a price target consensus of $69.79, which is a 4.5% upside from current levels. In a report issued on May 5, TipRanks – PerPlexity also upgraded the stock to Buy with a $62.00 price target.
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