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Analysts Offer Insights on Technology Companies: Asure (ASUR), MagnaChip (MX) and CarGurus (CARG)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Asure (ASURResearch Report), MagnaChip (MXResearch Report) and CarGurus (CARGResearch Report) with bullish sentiments.

Asure (ASUR)

In a report released today, Joshua Reilly from Needham maintained a Buy rating on Asure, with a price target of $14.00. The company’s shares closed last Monday at $5.18, close to its 52-week low of $5.03.

According to TipRanks.com, Reilly is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.2% and a 27.3% success rate. Reilly covers the Technology sector, focusing on stocks such as Tyler Technologies, Axon Enterprise, and ChannelAdvisor.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Asure with a $10.38 average price target, representing a 99.6% upside. In a report issued on August 4, Barrington also assigned a Buy rating to the stock with a $12.00 price target.

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MagnaChip (MX)

In a report released today, Rajvindra Gill from Needham reiterated a Buy rating on MagnaChip, with a price target of $22.00. The company’s shares closed last Monday at $14.20, close to its 52-week low of $13.03.

According to TipRanks.com, Gill is a 5-star analyst with an average return of 14.0% and a 61.6% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies, and Smart Global Holdings.

Currently, the analyst consensus on MagnaChip is a Moderate Buy with an average price target of $22.00.

CarGurus (CARG)

Needham analyst Chris Pierce reiterated a Buy rating on CarGurus today and set a price target of $27.00. The company’s shares closed last Monday at $25.72.

According to TipRanks.com, Pierce is ranked #7907 out of 8001 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CarGurus with a $37.78 average price target, implying a 45.5% upside from current levels. In a report issued on July 25, Truist Financial also maintained a Buy rating on the stock with a $44.00 price target.

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