tiprankstipranks
Blurbs

Analysts Offer Insights on Technology Companies: Ciena (CIEN), Universal Display (OLED) and Q2 Holdings (QTWO)

Analysts have been eager to weigh in on the Technology sector with new ratings on Ciena (CIENResearch Report), Universal Display (OLEDResearch Report) and Q2 Holdings (QTWOResearch Report).

Ciena (CIEN)

Evercore ISI analyst Amit Daryanani maintained a Buy rating on Ciena on June 28 and set a price target of $60.00. The company’s shares closed last Wednesday at $45.60, close to its 52-week low of $41.63.

According to TipRanks.com, Daryanani is a 3-star analyst with an average return of 1.3% and a 38.5% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Resideo Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ciena with a $69.67 average price target, a 52.3% upside from current levels. In a report issued on June 20, Rosenblatt Securities also maintained a Buy rating on the stock with a $70.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Universal Display (OLED)

In a report issued on June 28, C J Muse from Evercore ISI maintained a Buy rating on Universal Display, with a price target of $170.00. The company’s shares closed last Wednesday at $103.78, close to its 52-week low of $103.15.

According to TipRanks.com, Muse is a 5-star analyst with an average return of 15.6% and a 55.9% success rate. Muse covers the Technology sector, focusing on stocks such as Western Digital, ASML Holding, and Qualcomm.

Universal Display has an analyst consensus of Moderate Buy, with a price target consensus of $163.50.

Q2 Holdings (QTWO)

BTIG analyst Matthew VanVliet maintained a Hold rating on Q2 Holdings on June 28. The company’s shares closed last Wednesday at $39.12, close to its 52-week low of $34.42.

According to TipRanks.com, VanVliet is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.3% and a 28.7% success rate. VanVliet covers the Technology sector, focusing on stocks such as Zoom Video Communications, Instructure Holdings, and Tyler Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Q2 Holdings with a $68.00 average price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on CIEN:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed