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Analysts Offer Insights on Technology Companies: Nerdy (NRDY), Veeco (VECO) and ZoomInfo Technologies (ZI)

Analysts have been eager to weigh in on the Technology sector with new ratings on Nerdy (NRDYResearch Report), Veeco (VECOResearch Report) and ZoomInfo Technologies (ZIResearch Report).

Nerdy (NRDY)

In a report released today, Ryan MacDonald from Needham reiterated a Buy rating on Nerdy, with a price target of $4.00. The company’s shares closed last Tuesday at $2.65, close to its 52-week low of $2.31.

According to TipRanks.com, MacDonald is a 4-star analyst with an average return of 8.0% and a 47.5% success rate. MacDonald covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Instructure Holdings, and PowerSchool.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nerdy with a $4.66 average price target, which is a 71.3% upside from current levels. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $5.00 price target.

See today’s best-performing stocks on TipRanks >>

Veeco (VECO)

Benchmark Co. analyst Mark Miller maintained a Buy rating on Veeco today and set a price target of $42.00. The company’s shares closed last Tuesday at $37.49, close to its 52-week high of $38.93.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 20.6% and a 57.3% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, MKS Instruments, and Onto Innovation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veeco with a $41.17 average price target, representing an 8.7% upside. In a report issued on May 3, Oppenheimer also maintained a Buy rating on the stock with a $40.00 price target.

ZoomInfo Technologies (ZI)

ZoomInfo Technologies received a Hold rating and a $14.00 price target from Mizuho Securities analyst Siti Panigrahi today. The company’s shares closed last Tuesday at $16.02.

According to TipRanks.com, Panigrahi is a 1-star analyst with an average return of -1.4% and a 48.3% success rate. Panigrahi covers the Technology sector, focusing on stocks such as Zoom Video Communications, Klaviyo, Inc. Class A, and Procore Technologies.

Currently, the analyst consensus on ZoomInfo Technologies is a Moderate Buy with an average price target of $19.12, implying a 15.5% upside from current levels. In a report released yesterday, Piper Sandler also downgraded the stock to Hold with a $15.00 price target.

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