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Analysts Offer Insights on Technology Companies: Clearfield (CLFD) and Bitfarms (BITF)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Clearfield (CLFDResearch Report) and Bitfarms (BITFResearch Report) with bullish sentiments.

Clearfield (CLFD)

Needham analyst Ryan Koontz reiterated a Buy rating on Clearfield today and set a price target of $92.00. The company’s shares closed last Monday at $66.69.

According to TipRanks.com, Koontz is a 4-star analyst with an average return of 7.0% and a 49.4% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Otonomo Technologies, and Planet Labs PBC.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Clearfield with a $92.00 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Bitfarms (BITF)

In a report released today, Kevin Dede from H.C. Wainwright reiterated a Buy rating on Bitfarms, with a price target of $10.00. The company’s shares closed last Monday at $4.22.

According to TipRanks.com, Dede is a 3-star analyst with an average return of 4.4% and a 37.0% success rate. Dede covers the Technology sector, focusing on stocks such as HIVE Blockchain Technologies, Summit Wireless Technologies, and Mawson Infrastructure Group.

Currently, the analyst consensus on Bitfarms is a Moderate Buy with an average price target of $10.00.

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