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TipRanksStock Market NewsCARG NewsAnalysts Have Conflicting Sentiments on These Technology Companies: Microchip (MCHP), CarGurus (CARG) and PubMatic (PUBM)
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Analysts Have Conflicting Sentiments on These Technology Companies: Microchip (MCHP), CarGurus (CARG) and PubMatic (PUBM)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Microchip (MCHPResearch Report), CarGurus (CARGResearch Report) and PubMatic (PUBMResearch Report).

Microchip (MCHP)

In a report released today, John Vinh from KeyBanc maintained a Buy rating on Microchip, with a price target of $85.00. The company’s shares closed last Tuesday at $67.32, close to its 52-week low of $63.34.

According to TipRanks.com, Vinh is a 5-star analyst with an average return of 11.1% and a 52.3% success rate. Vinh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and Texas Instruments.

Currently, the analyst consensus on Microchip is a Moderate Buy with an average price target of $85.29, representing a 24.3% upside. In a report released today, B.Riley Financial also maintained a Buy rating on the stock with a $85.00 price target.

See today’s best-performing stocks on TipRanks >>

CarGurus (CARG)

D.A. Davidson analyst Tom White maintained a Hold rating on CarGurus today and set a price target of $34.00. The company’s shares closed last Tuesday at $21.63.

According to TipRanks.com, White is a 3-star analyst with an average return of 4.9% and a 37.7% success rate. White covers the Technology sector, focusing on stocks such as Zillow Group Class A, Uber Technologies, and SmartRent.

CarGurus has an analyst consensus of Strong Buy, with a price target consensus of $42.60.

PubMatic (PUBM)

In a report released today, Matthew Hedberg from RBC Capital maintained a Buy rating on PubMatic, with a price target of $33.00. The company’s shares closed last Tuesday at $18.68, close to its 52-week low of $18.30.

According to TipRanks.com, Hedberg ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -7.9% and a 30.8% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and DoubleVerify Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for PubMatic with a $32.88 average price target, which is a 65.6% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $27.00 price target.

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