Analysts Offer Insights on Technology Companies: International Business Machines (IBM), Bumble (BMBL) and Duolingo (DUOL)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on International Business Machines (IBMResearch Report), Bumble (BMBLResearch Report) and Duolingo (DUOLResearch Report).

International Business Machines (IBM)

In a report issued on January 21, Amit Daryanani from Evercore ISI maintained a Hold rating on International Business Machines, with a price target of $140.00. The company’s shares closed last Friday at $129.35.

According to TipRanks.com, Daryanani is a 5-star analyst with an average return of 12.9% and a 59.7% success rate. Daryanani covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Resideo Technologies, and Rackspace Technology.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for International Business Machines with a $150.88 average price target, implying a 14.6% upside from current levels. In a report issued on January 9, Goldman Sachs also initiated coverage with a Hold rating on the stock.

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Bumble (BMBL)

Evercore ISI analyst Shweta Khajuria maintained a Buy rating on Bumble on January 21 and set a price target of $50.00. The company’s shares closed last Friday at $30.00, close to its 52-week low of $29.50.

According to TipRanks.com, Khajuria is a 5-star analyst with an average return of 78.2% and a 62.7% success rate. Khajuria covers the Technology sector, focusing on stocks such as Match Group, PubMatic, and Outbrain.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bumble with a $50.31 average price target, representing a 64.9% upside. In a report issued on January 7, Jefferies also maintained a Buy rating on the stock with a $50.00 price target.

Duolingo (DUOL)

Evercore ISI analyst Mark Mahaney maintained a Buy rating on Duolingo on January 21 and set a price target of $195.00. The company’s shares closed last Friday at $85.71, close to its 52-week low of $85.00.

According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 39.2% and a 59.3% success rate. Mahaney covers the Technology sector, focusing on stocks such as Zillow Group Class A, Integral Ad Science, and Uber Technologies.

Currently, the analyst consensus on Duolingo is a Moderate Buy with an average price target of $158.40, representing a 76.1% upside. In a report issued on January 13, Piper Sandler also maintained a Buy rating on the stock with a $137.00 price target.

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