Analysts have been eager to weigh in on the Technology sector with new ratings on Appen Ltd. (APPEF – Research Report) and REA Group Ltd (RPGRF – Research Report).
Appen Ltd. (APPEF)
Appen Ltd. received a Sell rating and a A$2.25 price target from Bell Potter analyst Chris Savage on March 17. The company’s shares closed last Wednesday at $1.67, close to its 52-week low of $1.60.
According to TipRanks.com, Savage is a 1-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 $1.52 average price target, which is a -9.0% downside from current levels. In a report issued on March 8, Citigroup also maintained a Sell rating on the stock with a A$2.30 price target.
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REA Group Ltd (RPGRF)
In a report released today, Siraj Ahmed from Citigroup maintained a Buy rating on REA Group Ltd, with a price target of A$141.30. The company’s shares closed last Thursday at $70.35, equals to its 52-week low of $70.35.
According to TipRanks.com, Ahmed is a 4-star analyst with an average return of
Currently, the analyst consensus on REA Group Ltd is a Hold with an average price target of $82.02.
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