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Analysts Offer Insights on Technology Companies: Manhattan Associates (MANH), Texas Instruments (TXN) and New Relic (NEWR)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Manhattan Associates (MANHResearch Report), Texas Instruments (TXNResearch Report) and New Relic (NEWRResearch Report).

Manhattan Associates (MANH)

In a report released today, Blair Abernethy from Rosenblatt Securities maintained a Buy rating on Manhattan Associates, with a price target of $150.00. The company’s shares closed last Tuesday at $116.62, close to its 52-week low of $106.02.

According to TipRanks.com, Abernethy has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.6% and a 36.8% success rate. Abernethy covers the Technology sector, focusing on stocks such as Altair Engineering, Cadence Design, and PDF Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Manhattan Associates with a $158.50 average price target.

See today’s best-performing stocks on TipRanks >>

Texas Instruments (TXN)

Charter Equity analyst Edward F. Snyder maintained a Hold rating on Texas Instruments today. The company’s shares closed last Tuesday at $160.84.

According to TipRanks.com, Snyder is a 5-star analyst with an average return of 19.9% and a 56.8% success rate. Snyder covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Skyworks Solutions, and ON Semiconductor.

Currently, the analyst consensus on Texas Instruments is a Hold with an average price target of $176.86, implying a 7.7% upside from current levels. In a report issued on July 18, Evercore ISI also maintained a Hold rating on the stock with a $170.00 price target.

New Relic (NEWR)

New Relic received a Hold rating from Needham analyst Mike Cikos today. The company’s shares closed last Tuesday at $58.88.

According to TipRanks.com, Cikos has 0 stars on 0-5 stars ranking scale with an average return of -9.9% and a 21.5% success rate. Cikos covers the Technology sector, focusing on stocks such as Ping Identity Holding, Cognyte Software, and Tenable Holdings.

Currently, the analyst consensus on New Relic is a Moderate Buy with an average price target of $68.38, representing a 13.5% upside. In a report issued on July 18, RBC Capital also maintained a Hold rating on the stock with a $45.00 price target.

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Read More on MANH:

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