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Analysts Offer Insights on Technology Companies: ELMO Software Ltd. (OtherELMFF) and Appen Ltd. (OtherAPPEF)

Analysts have been eager to weigh in on the Technology sector with new ratings on ELMO Software Ltd. (ELMFFResearch Report) and Appen Ltd. (APPEFResearch 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.

See Insiders’ Hot Stocks on TipRanks >>

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 -0.9% and a 32.4% success rate. Savage covers the Technology sector, focusing on stocks such as Life360 Shs Chess Depository Interests Repr 3 Sh, Integrated Research Limited, and Adacel Technologies Limited.

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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