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Analysts Conflicted on These Technology Names: Uber Technologies (UBER), Porch Group (PRCH) and Shopify (SHOP)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Uber Technologies (UBERResearch Report), Porch Group (PRCHResearch Report) and Shopify (SHOPResearch Report).

Uber Technologies (UBER)

Oppenheimer analyst Jason Helfstein maintained a Buy rating on Uber Technologies today and set a price target of $90.00. The company’s shares closed last Wednesday at $66.40.

According to TipRanks.com, Helfstein is a 5-star analyst with an average return of 19.1% and a 51.3% success rate. Helfstein covers the Technology sector, focusing on stocks such as Trade Desk, PubMatic, and Rumble.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Uber Technologies with a $89.85 average price target, a 39.3% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $86.00 price target.

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Porch Group (PRCH)

Loop Capital Markets analyst Mark Schappel reiterated a Hold rating on Porch Group today and set a price target of $4.00. The company’s shares closed last Wednesday at $3.19.

According to TipRanks.com, Schappel is a 4-star analyst with an average return of 6.2% and a 58.4% success rate. Schappel covers the Technology sector, focusing on stocks such as Aspen Technology, Inc., E2open Parent Holdings, and Procore Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Porch Group with a $5.44 average price target, representing a 68.4% upside. In a report released yesterday, KBW also assigned a Hold rating to the stock with a $3.75 price target.

Shopify (SHOP)

Loop Capital Markets analyst Anthony Chukumba maintained a Hold rating on Shopify today and set a price target of $68.00. The company’s shares closed last Wednesday at $62.73.

According to TipRanks.com, Chukumba is a 5-star analyst with an average return of 12.0% and a 66.5% success rate. Chukumba covers the NA sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Academy Sports and Outdoors, and Savers Value Village Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shopify with a $79.08 average price target, a 24.2% upside from current levels. In a report released today, Piper Sandler also upgraded the stock to Hold with a $63.00 price target.

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