Analysts' Opinions Are Mixed on These Technology Stocks: Canaan (CAN) and Globant SA (GLOB)
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Canaan (CAN)
Benchmark Co. analyst Mark Palmer reiterated a Buy rating on Canaan today and set a price target of $2.00. The company's shares closed last Thursday at $0.78, close to its 52-week low of $0.72.
Palmer has an average return of 28.6% when recommending Canaan. ;'>
According to TipRanks.com, Palmer is ranked #774 out of 9979 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canaan with a $2.16 average price target, which is a 176.9% upside from current levels. In a report released yesterday, Rosenblatt Securities also maintained a Buy rating on the stock with a $4.00 price target.
Globant SA (GLOB)
Goldman Sachs analyst James Schneider maintained a Hold rating on Globant SA today and set a price target of $105.00. The company's shares closed last Thursday at $78.12.
According to TipRanks.com, Schneider is a 4-star analyst with an average return of 6.7% and a 63.9% success rate. Schneider covers the Technology sector, focusing on stocks such as International Business Machines, Advanced Micro Devices, and ARM Holdings PLC ADR. ;'>
Globant SA has an analyst consensus of Moderate Buy, with a price target consensus of $107.36, implying a 36.4% upside from current levels. In a report released today, J.P. Morgan also downgraded the stock to Hold with a $78.00 price target.
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