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Analysts Offer Insights on Technology Companies: Avnet (AVT), Nova Measuring (NVMI) and Avalara (AVLR)

Analysts have been eager to weigh in on the Technology sector with new ratings on Avnet (AVTResearch Report), Nova Measuring (NVMIResearch Report) and Avalara (AVLRResearch Report).

Avnet (AVT)

Stifel Nicolaus analyst Matthew Sheerin maintained a Hold rating on Avnet yesterday and set a price target of $48.00. The company’s shares closed last Thursday at $43.50.

According to TipRanks.com, Sheerin is a 5-star analyst with an average return of 14.4% and a 66.1% success rate. Sheerin covers the Technology sector, focusing on stocks such as TD SYNNEX Corporation, Arrow Electronics, and TE Connectivity.

Currently, the analyst consensus on Avnet is a Moderate Sell with an average price target of $46.33.

See the top stocks recommended by analysts >>

Nova Measuring (NVMI)

In a report released yesterday, Patrick Ho from Stifel Nicolaus maintained a Buy rating on Nova Measuring, with a price target of $148.00. The company’s shares closed last Thursday at $105.85.

According to TipRanks.com, Ho is a 5-star analyst with an average return of 20.8% and a 58.2% success rate. Ho covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Ultra Clean Holdings, and Axcelis Technologies.

Nova Measuring has an analyst consensus of Strong Buy, with a price target consensus of $130.75, which is a 22.2% upside from current levels. In a report issued on August 4, Needham also maintained a Buy rating on the stock with a $120.00 price target.

Avalara (AVLR)

Stifel Nicolaus analyst Brad Reback downgraded Avalara to Hold yesterday and set a price target of $93.50. The company’s shares closed last Thursday at $91.65.

According to TipRanks.com, Reback is a 5-star analyst with an average return of 16.1% and a 62.0% success rate. Reback covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Cognyte Software, and Tenable Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Avalara with a $95.44 average price target, implying a 3.5% upside from current levels. In a report issued on August 8, Needham also downgraded the stock to Hold.

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