Analysts Have Conflicting Sentiments on These Technology Companies: 8X8 (EGHT) and Array Technologies (ARRY)
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8X8 (EGHT)
Wells Fargo analyst Michael Turrin maintained a Sell rating on 8X8 on August 8 and set a price target of $1.50. The company's shares closed last Friday at $1.93.
According to TipRanks.com, Turrin is a 2-star analyst with an average return of 0.0% and a 46.4% success rate. Turrin covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, ServiceTitan, Inc. Class A, and Zoom Video Communications.
Currently, the analyst consensus on 8X8 is a Hold with an average price target of $2.27.
Array Technologies (ARRY)
In a report issued on August 8, Michael Blum from Wells Fargo maintained a Hold rating on Array Technologies, with a price target of $8.00. The company's shares closed last Friday at $5.50, close to its 52-week low of $4.89.
According to TipRanks.com, Blum is a 5-star analyst with an average return of 12.2% and a 65.1% success rate. Blum covers the NA sector, focusing on stocks such as Venture Global, Inc. Class A, Enterprise Products Partners, and Plains All American.
Currently, the analyst consensus on Array Technologies is a Moderate Buy with an average price target of $8.88, representing a 35.6% upside. In a report issued on August 7, TD Cowen also maintained a Hold rating on the stock with a $7.00 price target.
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