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Analysts’ Opinions Are Mixed on These Technology Stocks: Xerox (XRX), Snap (SNAP) and Atlassian (TEAM)

Analysts have been eager to weigh in on the Technology sector with new ratings on Xerox (XRXResearch Report), Snap (SNAPResearch Report) and Atlassian (TEAMResearch Report).

Xerox (XRX)

Morgan Stanley analyst Kathryn Huberty maintained a Sell rating on Xerox today and set a price target of $13.00. The company’s shares closed last Friday at $17.05, close to its 52-week low of $16.07.

According to TipRanks.com, Huberty is a 5-star analyst with an average return of 13.8% and a 62.0% success rate. Huberty covers the Technology sector, focusing on stocks such as International Business Machines, Seagate Tech, and Teradata.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Xerox with a $15.33 average price target, a -7.1% downside from current levels. In a report released today, Citigroup also maintained a Sell rating on the stock with a $15.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Snap (SNAP)

Benchmark Co. analyst Mark Zgutowicz maintained a Buy rating on Snap today and set a price target of $40.00. The company’s shares closed last Friday at $29.40, close to its 52-week low of $24.32.

According to TipRanks.com, Zgutowicz is a 5-star analyst with an average return of 37.9% and a 59.9% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Manhattan Associates, and Meta Platforms.

Snap has an analyst consensus of Strong Buy, with a price target consensus of $50.03, implying a 74.5% upside from current levels. In a report issued on April 19, Evercore ISI also maintained a Buy rating on the stock with a $58.00 price target.

Atlassian (TEAM)

Wells Fargo analyst Michael Turrin maintained a Buy rating on Atlassian today and set a price target of $400.00. The company’s shares closed last Friday at $250.08, close to its 52-week low of $207.83.

According to TipRanks.com, Turrin has 0 stars on 0-5 stars ranking scale with an average return of -16.3% and a 25.6% success rate. Turrin covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and ZoomInfo Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Atlassian with a $399.25 average price target, representing a 56.3% upside. In a report issued on April 8, Mizuho Securities also reiterated a Buy rating on the stock with a $500.00 price target.

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