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Analysts Have Conflicting Sentiments on These Technology Companies: Netscout Systems (NTCT), Kratos Defense (KTOS) and Dropbox (DBX)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Netscout Systems (NTCTResearch Report), Kratos Defense (KTOSResearch Report) and Dropbox (DBXResearch Report).

Netscout Systems (NTCT)

In a report issued on August 4, Matthew Hedberg from RBC Capital maintained a Hold rating on Netscout Systems, with a price target of $36.00. The company’s shares closed last Friday at $33.79.

According to TipRanks.com, Hedberg ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -4.6% and a 40.6% success rate. Hedberg covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Ping Identity Holding, and CrowdStrike Holdings.

Currently, the analyst consensus on Netscout Systems is a Moderate Sell with an average price target of $33.00.

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

Kratos Defense (KTOS)

In a report issued on August 4, Kenneth Herbert from RBC Capital maintained a Buy rating on Kratos Defense, with a price target of $24.00. The company’s shares closed last Friday at $14.89.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 18.2% and a 60.9% success rate. Herbert covers the Technology sector, focusing on stocks such as Raytheon Technologies, Maxar Technologies, and Spirit AeroSystems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kratos Defense with a $21.29 average price target, representing a 41.9% upside. In a report issued on July 26, Canaccord Genuity also maintained a Buy rating on the stock with a $23.00 price target.

Dropbox (DBX)

In a report issued on August 4, Rishi Jaluria from RBC Capital maintained a Buy rating on Dropbox, with a price target of $30.00. The company’s shares closed last Friday at $23.55.

According to TipRanks.com, Jaluria is a 3-star analyst with an average return of 3.0% and a 48.8% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Duck Creek Technologies.

Dropbox has an analyst consensus of Strong Buy, with a price target consensus of $31.25, which is a 32.0% upside from current levels. In a report issued on July 26, Jefferies also maintained a Buy rating on the stock with a $30.00 price target.

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