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Analysts’ Opinions Are Mixed on These Technology Stocks: ZoomInfo Technologies (GTM), Cloudflare (NET) and Zoom Video Communications (ZM)

Tipranks - Wed Mar 18, 5:26AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on ZoomInfo Technologies (GTMResearch Report), Cloudflare (NETResearch Report) and Zoom Video Communications (ZMResearch Report).

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ZoomInfo Technologies (GTM)

Wells Fargo analyst Ryan MacWilliams maintained a Sell rating on ZoomInfo Technologies yesterday and set a price target of $6.00. The company’s shares closed last Monday at $5.78.

According to TipRanks.com, MacWilliams is a 4-star analyst with an average return of 8.9% and a 52.2% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Klaviyo, Inc. Class A, RingCentral, and Freshworks. ;'>

ZoomInfo Technologies has an analyst consensus of Hold, with a price target consensus of $9.29.

See the top stocks recommended by analysts >>

Cloudflare (NET)

In a report released yesterday, Andrew Nowinski from Wells Fargo maintained a Buy rating on Cloudflare, with a price target of $270.00. The company’s shares closed last Monday at $207.33.

According to TipRanks.com, Nowinski is a 5-star analyst with an average return of 14.7% and a 53.5% success rate. Nowinski covers the Technology sector, focusing on stocks such as Varonis Systems, Netskope, Inc., and Dynatrace. ;'>

Cloudflare has an analyst consensus of Moderate Buy, with a price target consensus of $232.00, a 10.0% upside from current levels. In a report issued on March 3, Robert W. Baird also maintained a Buy rating on the stock with a $260.00 price target.

Zoom Video Communications (ZM)

DBS analyst Andy Yu CFA maintained a Buy rating on Zoom Video Communications today and set a price target of $102.00. The company’s shares closed last Monday at $74.96.

According to TipRanks.com, CFA is a 2-star analyst with an average return of 0.1% and a 35.6% success rate. CFA covers the Technology sector, focusing on stocks such as VNET Group, Inc. Sponsored ADR, GDS Holdings, and Oracle. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zoom Video Communications with a $99.72 average price target, a 33.5% upside from current levels. In a report issued on March 13, Needham also maintained a Buy rating on the stock with a $100.00 price target.

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