Analysts Conflicted on These Technology Names: Cloudflare (NET), SolarEdge Technologies (SEDG) and Braze (BRZE)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cloudflare (NET – Research Report), SolarEdge Technologies (SEDG – Research Report) and Braze (BRZE – Research Report).

Cloudflare (NET)

In a report released today, Andrew Nowinski from Wells Fargo maintained a Buy rating on Cloudflare, with a price target of $125.00. The company’s shares closed last Friday at $88.01.

According to TipRanks.com, Nowinski is a 5-star analyst with an average return of 16.4% and a 54.5% success rate. Nowinski covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software.

Currently, the analyst consensus on Cloudflare is a Moderate Buy with an average price target of $104.65, a 18.9% upside from current levels. In a report issued on April 15, RBC Capital also maintained a Buy rating on the stock with a $108.00 price target.

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SolarEdge Technologies (SEDG)

RBC Capital analyst Chris Dendrinos maintained a Hold rating on SolarEdge Technologies today and set a price target of $74.00. The company’s shares closed last Friday at $58.20, close to its 52-week low of $53.59.

According to TipRanks.com, Dendrinos has 0 stars on 0-5 stars ranking scale with an average return of -24.1% and a 12.5% success rate. Dendrinos covers the Technology sector, focusing on stocks such as Sunnova Energy International, Shoals Technologies Group, and Enphase Energy.

SolarEdge Technologies has an analyst consensus of Hold, with a price target consensus of $81.52, which is a 44.1% upside from current levels. In a report issued on April 17, DZ BANK AG also initiated coverage with a Hold rating on the stock with a $62.00 price target.

Braze (BRZE)

Wells Fargo analyst Michael Berg maintained a Buy rating on Braze today and set a price target of $65.00. The company’s shares closed last Friday at $41.71.

According to TipRanks.com, Berg is a 1-star analyst with an average return of -9.6% and a 20.0% success rate. Berg covers the Technology sector, focusing on stocks such as Everbridge, Smartsheet, and Monday.com.

Braze has an analyst consensus of Strong Buy, with a price target consensus of $66.00, a 59.3% upside from current levels. In a report issued on April 22, Canaccord Genuity also maintained a Buy rating on the stock with a $50.00 price target.

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