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Analysts’ Opinions Are Mixed on These Technology Stocks: Arqit Quantum (ARQQ), eMagin (EMAN) and DocuSign (DOCU)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Arqit Quantum (ARQQResearch Report), eMagin (EMANResearch Report) and DocuSign (DOCUResearch Report).

Arqit Quantum (ARQQ)

In a report released today, Scott Buck from H.C. Wainwright maintained a Buy rating on Arqit Quantum, with a price target of $6.00. The company’s shares closed last Wednesday at $0.73, close to its 52-week low of $0.70.

According to TipRanks.com, Buck is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -12.8% and a 32.6% success rate. Buck covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Sigma Additive Solutions, and Intellicheck Mobilisia.

Arqit Quantum has an analyst consensus of Moderate Buy, with a price target consensus of $6.00.

See the top stocks recommended by analysts >>

eMagin (EMAN)

H.C. Wainwright analyst Kevin Dede maintained a Buy rating on eMagin today and set a price target of $3.00. The company’s shares closed last Wednesday at $2.00.

According to TipRanks.com, Dede is ranked 0 out of 5 stars with an average return of -5.3% and a 33.3% success rate. Dede covers the Technology sector, focusing on stocks such as WISeKey International Holding, Stronghold Digital Mining, and Marathon Digital Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for eMagin with a $3.00 average price target.

DocuSign (DOCU)

In a report released yesterday, Bradley Sills from Bank of America Securities reiterated a Hold rating on DocuSign, with a price target of $68.00. The company’s shares closed last Wednesday at $52.29.

According to TipRanks.com, Sills is a 3-star analyst with an average return of 0.7% and a 46.9% success rate. Sills covers the Technology sector, focusing on stocks such as Bill.com Holdings, Veeva Systems, and Salesforce.

DocuSign has an analyst consensus of Hold, with a price target consensus of $64.08, implying a 27.2% upside from current levels. In a report released yesterday, Needham also reiterated a Hold rating on the stock.

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