Analysts have been eager to weigh in on the Technology sector with new ratings on ELMO Software Ltd. (ELMFF – Research Report) and Appen Ltd. (APPEF – Research Report).
ELMO Software Ltd. (ELMFF)
In a report issued on October 5, Jules Cooper from Shaw and Partners maintained a Buy rating on ELMO Software Ltd., with a price target of A$6.80. The company’s shares closed last Friday at $1.57, close to its 52-week low of $1.28.
According to TipRanks.com, Cooper is ranked #7359 out of 7979 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ELMO Software Ltd. with a $3.50 average price target.
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Appen Ltd. (APPEF)
Bell Potter analyst Chris Savage maintained a Hold rating on Appen Ltd. on October 7 and set a price target of A$3.00. The company’s shares closed last Friday at $1.83, equals to its 52-week low of $1.83.
According to TipRanks.com, Savage is a 2-star analyst with an average return of
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Appen Ltd. with a $2.49 average price target, which is a 36.4% upside from current levels. In a report issued on October 7, RBC Capital also maintained a Hold rating on the stock with a A$3.15 price target.
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