Analysts have been eager to weigh in on the Technology sector with new ratings on Intuit (INTU – Research Report), Super Micro Computer (SMCI – Research Report) and 8X8 (EGHT – Research Report).
Intuit (INTU)
In a report issued on April 26, Steve Enders from Citi maintained a Buy rating on Intuit, with a price target of $744.00. The company’s shares closed last Friday at $636.55, close to its 52-week high of $671.01.
According to TipRanks.com, Enders has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Currently, the analyst consensus on Intuit is a Strong Buy with an average price target of $710.15, a 13.2% upside from current levels. In a report issued on April 12, Wells Fargo also maintained a Buy rating on the stock with a $725.00 price target.
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Super Micro Computer (SMCI)
J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on Super Micro Computer today and set a price target of $1150.00. The company’s shares closed last Friday at $857.44.
According to TipRanks.com, Chatterjee is a 5-star analyst with an average return of
Super Micro Computer has an analyst consensus of Moderate Buy, with a price target consensus of $1047.45, implying a 31.1% upside from current levels. In a report issued on April 16, Loop Capital Markets also assigned a Buy rating to the stock with a $1500.00 price target.
8X8 (EGHT)
Wells Fargo analyst Michael Turrin maintained a Sell rating on 8X8 on April 26 and set a price target of $2.00. The company’s shares closed last Friday at $2.27, close to its 52-week low of $2.12.
According to TipRanks.com, Turrin has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Currently, the analyst consensus on 8X8 is a Hold with an average price target of $3.69.
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