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Analysts Are Bullish on Top Technology Stocks: Phreesia (PHR), Renalytix AI (RNLX)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Phreesia (PHRResearch Report) and Renalytix AI (RNLXResearch Report) with bullish sentiments.

Phreesia (PHR)

In a report released today, Ryan MacDonald from Needham maintained a Buy rating on Phreesia, with a price target of $65.00. The company’s shares closed last Friday at $35.55, close to its 52-week low of $33.65.

According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 22.5% and a 52.1% success rate. MacDonald covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Momentive Global, and Verint Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Phreesia with a $56.78 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Renalytix AI (RNLX)

Renalytix AI received a Buy rating and a $30.00 price target from H.C. Wainwright analyst Yi Chen today. The company’s shares closed last Friday at $15.38, close to its 52-week low of $12.99.

According to TipRanks.com, Chen is a 5-star analyst with an average return of 24.0% and a 37.4% success rate. Chen covers the Healthcare sector, focusing on stocks such as Ortho Clinical Diagnostics Holdings, Interpace Diagnostics Group, and HTG Molecular Diagnostics.

Currently, the analyst consensus on Renalytix AI is a Strong Buy with an average price target of $29.25, a 93.7% upside from current levels. In a report issued on January 3, BTIG also initiated coverage with a Buy rating on the stock with a $24.00 price target.

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