October 25, 2024

Analysts’ Opinions Are Mixed on These Technology Stocks: Enphase Energy (ENPH), Uber Technologies (UBER) and Netscout Systems (NTCT)

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Analysts have been eager to weigh in on the Technology sector with new ratings on Enphase Energy (ENPH – Research Report), Uber Technologies (UBER – Research Report) and Netscout Systems (NTCT – Research Report).

Enphase Energy (ENPH)

Goldman Sachs analyst Brian K. Lee maintained a Buy rating on Enphase Energy today. The company’s shares closed last Thursday at $81.10, close to its 52-week low of $73.49.

According to TipRanks.com, Lee is a 3-star analyst with an average return of 2.4% and a 47.0% success rate. Lee covers the Technology sector, focusing on stocks such as Sunnova Energy International, Shoals Technologies Group, and SolarEdge Technologies.

Currently, the analyst consensus on Enphase Energy is a Moderate Buy with an average price target of $104.33, a 31.1% upside from current levels. In a report issued on October 16, Truist Financial also maintained a Buy rating on the stock with a $110.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Uber Technologies (UBER)

In a report released yesterday, Brad Erickson from RBC Capital maintained a Buy rating on Uber Technologies, with a price target of $80.00. The company’s shares closed last Thursday at $78.38.

According to TipRanks.com, Erickson is a 5-star analyst with an average return of 20.2% and a 55.2% success rate. Erickson covers the Technology sector, focusing on stocks such as GoDaddy, Bumble, and Lyft.

Uber Technologies has an analyst consensus of Strong Buy, with a price target consensus of $91.86, a 17.8% upside from current levels. In a report issued on October 17, Mizuho Securities also maintained a Buy rating on the stock.

Netscout Systems (NTCT)

In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Hold rating on Netscout Systems, with a price target of $22.00. The company’s shares closed last Thursday at $20.46.

According to TipRanks.com, Hedberg is a 5-star analyst with an average return of 15.9% and a 61.6% success rate. Hedberg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Altair Engineering, and Palo Alto Networks.

Currently, the analyst consensus on Netscout Systems is a Hold with an average price target of $22.00.

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