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Analysts Offer Insights on Technology Companies: Axcelis Technologies (ACLS), Everbridge (EVBG) and Phreesia (PHR)

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Analysts have been eager to weigh in on the Technology sector with new ratings on Axcelis Technologies (ACLSResearch Report), Everbridge (EVBGResearch Report) and Phreesia (PHRResearch Report).

Axcelis Technologies (ACLS)

Needham analyst Quinn Bolton maintained a Buy rating on Axcelis Technologies today and set a price target of $76.00. The company’s shares closed last Thursday at $65.85, close to its 52-week high of $69.79.

According to TipRanks.com, Bolton is a top 25 analyst with an average return of 54.3% and a 82.2% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Ultra Clean Holdings, and Allegro MicroSystems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Axcelis Technologies with a $75.00 average price target, which is a 9.1% upside from current levels. In a report issued on December 6, B.Riley Financial also maintained a Buy rating on the stock with a $82.00 price target.

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

Everbridge (EVBG)

Needham analyst Scott Berg downgraded Everbridge to Hold today. The company’s shares closed last Thursday at $115.37, close to its 52-week low of $103.28.

According to TipRanks.com, Berg is a top 100 analyst with an average return of 25.4% and a 63.2% success rate. Berg covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, BigCommerce Holdings, and Tyler Technologies.

Everbridge has an analyst consensus of Hold, with a price target consensus of $135.78, which is a 12.8% upside from current levels. In a report released today, J.P. Morgan also downgraded the stock to Hold with a $127.00 price target.

Phreesia (PHR)

In a report released today, Stephanie Davis from Leerink Partners maintained a Buy rating on Phreesia, with a price target of $57.00. The company’s shares closed last Thursday at $42.56, close to its 52-week low of $42.01.

According to TipRanks.com, Davis is a 4-star analyst with an average return of 8.3% and a 49.7% success rate. Davis covers the Technology sector, focusing on stocks such as Tabula Rasa HealthCare, Nuance Communications, and NextGen Healthcare.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Phreesia with a $61.17 average price target, representing a 24.7% upside. In a report issued on December 1, Jefferies also initiated coverage with a Buy rating on the stock with a $70.00 price target.

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