In a report released today, Mehdi Hosseini from Susquehanna reiterated a Buy rating on National Instruments (NATI – Research Report), with a price target of $50.00. The company’s shares closed last Monday at $40.15.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 11.4% and a 55.4% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Super Micro Computer.
Currently, the analyst consensus on National Instruments is a Strong Buy with an average price target of $50.50, implying a 27.0% upside from current levels. In a report issued on February 16, Robert W. Baird also maintained a Buy rating on the stock with a $54.00 price target.
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The company has a one-year high of $46.42 and a one-year low of $38.01. Currently, National Instruments has an average volume of 739.9K.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NATI in relation to earlier this year.
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National Instruments Corp. designs, manufactures and sells systems to engineers and scientists that accelerate productivity, innovation and discovery. It provides application software and modular, multifunction hardware that users combine with industry-standard computers, networks and third party devices to create measurement, automation and embedded systems, which refer as virtual instruments. The company was founded by Jeffrey L. Kodosky and James J. Truchard in May 1976 and is headquartered in Austin, TX.
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