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Analysts Offer Insights on Technology Companies: Novanta (NOVT) and Zoom Video Communications (ZM)

Tipranks - Tipranks - Wed Jun 3, 8:12PM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Novanta (NOVT) and Zoom Video Communications (ZM) with bullish sentiments.

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Novanta (NOVT)

In a report released today, Brian Drab from William Blair maintained a Buy rating on Novanta. The company’s shares closed last Tuesday at $168.59.

According to TipRanks.com, Drab is a 5-star analyst with an average return of 41.3% and a 77.1% success rate. Drab covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings, Donaldson Company, and Generac Holdings. ;'>

Currently, the analyst consensus on Novanta is a Moderate Buy with an average price target of $173.00.

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Zoom Video Communications (ZM)

In a report released today, Arjun Bhatia from William Blair maintained a Buy rating on Zoom Video Communications. The company’s shares closed last Tuesday at $111.88.

According to TipRanks.com, Bhatia is a 1-star analyst with an average return of -1.5% and a 43.5% success rate. Bhatia covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Klaviyo, Inc. Class A, and Figma, Inc. Class A. ;'>

Zoom Video Communications has an analyst consensus of Moderate Buy, with a price target consensus of $115.88, a 7.0% upside from current levels. In a report issued on May 19, Robert W. Baird also maintained a Buy rating on the stock with a $115.00 price target.

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