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Analysts’ Opinions Are Mixed on These Technology Stocks: Array Technologies (ARRY), Amplitude (AMPL) and Block (XYZ)

Tipranks - Tipranks - Fri Aug 7, 4:06AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Array Technologies (ARRY), Amplitude (AMPL) and Block (XYZ).

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Array Technologies (ARRY)

In a report released today, Sophie Karp from KeyBanc maintained a Hold rating on Array Technologies. The company’s shares closed last Wednesday at $5.64, close to its 52-week low of $4.89.

According to TipRanks.com, Karp is a 4-star analyst with an average return of 4.1% and a 53.1% success rate. Karp covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Consolidated Edison, and XPLR Infrastructure. ;'>

Currently, the analyst consensus on Array Technologies is a Moderate Buy with an average price target of $9.56, representing a 65.4% upside. In a report issued on July 25, TipRanks – PerPlexity also reiterated a Hold rating on the stock with a $5.50 price target.

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Amplitude (AMPL)

KeyBanc analyst Jackson Ader maintained a Buy rating on Amplitude today. The company’s shares closed last Wednesday at $10.01.

According to TipRanks.com, Ader is a 3-star analyst with an average return of 3.1% and a 48.2% success rate. Ader covers the Technology sector, focusing on stocks such as Zoom Video Communications, Zeta Global Holdings Corp, and ZoomInfo Technologies. ;'>

Currently, the analyst consensus on Amplitude is a Moderate Buy with an average price target of $11.29, a 13.1% upside from current levels. In a report released today, TipRanks – Google also upgraded the stock to Buy with a $11.00 price target.

Block (XYZ)

Bank of America Securities analyst Matthew O’Neill maintained a Buy rating on Block yesterday and set a price target of $100.00. The company’s shares closed last Wednesday at $84.20.

O’Neill has an average return of 18.9% when recommending Block. ;'>

According to TipRanks.com, O’Neill is ranked #2094 out of 12430 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Block with a $93.86 average price target, a 10.0% upside from current levels. In a report issued on July 31, TipRanks – OpenAI also upgraded the stock to Buy with a $93.00 price target.

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