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Analysts’ Opinions Are Mixed on These Technology Stocks: New Relic (NEWR) and Qualtrics International (XM)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on New Relic (NEWRResearch Report) and Qualtrics International (XMResearch Report).

New Relic (NEWR)

JMP Securities analyst Erik Suppiger maintained a Hold rating on New Relic today. The company’s shares closed last Thursday at $61.78.

According to TipRanks.com, Suppiger is a 5-star analyst with an average return of 16.5% and a 51.8% success rate. Suppiger covers the Technology sector, focusing on stocks such as Cambium Networks, Arista Networks, and Axon Enterprise.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for New Relic with a $68.38 average price target, a 10.8% upside from current levels. In a report issued on July 11, Morgan Stanley also downgraded the stock to Hold with a $64.00 price target.

See the top stocks recommended by analysts >>

Qualtrics International (XM)

In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on Qualtrics International, with a price target of $28.00. The company’s shares closed last Thursday at $12.88, close to its 52-week low of $11.33.

According to TipRanks.com, Walravens is a 5-star analyst with an average return of 7.5% and a 49.4% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and DigitalOcean Holdings.

Currently, the analyst consensus on Qualtrics International is a Strong Buy with an average price target of $21.93, implying a 78.7% upside from current levels. In a report issued on July 14, Morgan Stanley also maintained a Buy rating on the stock with a $18.00 price target.

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