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Analysts’ Opinions Are Mixed on These Technology Stocks: Novanta (NOVT), Health Catalyst (HCAT) and Matterport (MTTR)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Novanta (NOVTResearch Report), Health Catalyst (HCATResearch Report) and Matterport (MTTRResearch Report).

Novanta (NOVT)

In a report released yesterday, Andrew Buscaglia from Berenberg Bank maintained a Hold rating on Novanta, with a price target of $132.00. The company’s shares closed last Tuesday at $157.56.

According to TipRanks.com, Buscaglia is a 1-star analyst with an average return of -2.0% and a 52.8% success rate. Buscaglia covers the Industrial Goods sector, focusing on stocks such as Evoqua Water Technologies, Mueller Water Products, and Badger Meter.

The word on The Street in general, suggests a Hold analyst consensus rating for Novanta with a $141.00 average price target, implying a -7.6% downside from current levels. In a report issued on August 10, Robert W. Baird also maintained a Hold rating on the stock with a $150.00 price target.

See the top stocks recommended by analysts >>

Health Catalyst (HCAT)

In a report released yesterday, Dev Weerasuriya from Berenberg Bank maintained a Buy rating on Health Catalyst, with a price target of $17.00. The company’s shares closed last Tuesday at $12.71, close to its 52-week low of $10.95.

According to TipRanks.com, Weerasuriya is a 4-star analyst with an average return of 13.0% and a 65.2% success rate. Weerasuriya covers the Technology sector, focusing on stocks such as Omnicell, Accolade, and Doximity.

Currently, the analyst consensus on Health Catalyst is a Moderate Buy with an average price target of $18.86, which is a 41.9% upside from current levels. In a report issued on August 5, BTIG also maintained a Buy rating on the stock with a $25.00 price target.

Matterport (MTTR)

Berenberg Bank analyst Justin Ages maintained a Buy rating on Matterport yesterday and set a price target of $9.00. The company’s shares closed last Tuesday at $5.81, close to its 52-week low of $3.51.

According to TipRanks.com, Ages is ranked 0 out of 5 stars with an average return of -13.8% and a 48.0% success rate. Ages covers the Financial sector, focusing on stocks such as Anywhere Real Estate ate, Zillow Group Class C, and Zillow Group Class A.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Matterport with a $7.67 average price target, representing a 32.7% upside. In a report issued on August 11, Piper Sandler also maintained a Buy rating on the stock with a $7.00 price target.

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