Analysts Offer Insights on Technology Companies: Fastly (FSLY), Wix (WIX) and CSG Systems International (CSGS)
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Fastly (FSLY)
In a report released yesterday, Rishi Jaluria from RBC Capital maintained a Hold rating on Fastly, with a price target of $7.00. The company's shares closed last Thursday at $7.46.
According to TipRanks.com, Jaluria is ranked 0 out of 5 stars with an average return of -8.0% and a 47.6% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and ZoomInfo Technologies.
Currently, the analyst consensus on Fastly is a Hold with an average price target of $7.43, representing a -1.3% downside. In a report released yesterday, William Blair also maintained a Hold rating on the stock.
Wix (WIX)
RBC Capital analyst Brad Erickson maintained a Buy rating on Wix on August 6 and set a price target of $210.00. The company's shares closed last Thursday at $133.49, close to its 52-week low of $117.58.
According to TipRanks.com, Erickson is a 5-star analyst with an average return of 22.2% and a 59.2% success rate. Erickson covers the Technology sector, focusing on stocks such as Uber Technologies, GoDaddy, and Lyft.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wix with a $212.71 average price target, which is a 60.7% upside from current levels. In a report issued on July 22, Citi also maintained a Buy rating on the stock with a $220.00 price target.
CSG Systems International (CSGS)
RBC Capital analyst Dan Bergstrom maintained a Buy rating on CSG Systems International yesterday and set a price target of $72.00. The company's shares closed last Thursday at $63.39, close to its 52-week high of $67.60.
According to TipRanks.com, Bergstrom is a 4-star analyst with an average return of 12.3% and a 60.3% success rate. Bergstrom covers the Technology sector, focusing on stocks such as CommVault Systems, Verint Systems, and Fortinet.
Currently, the analyst consensus on CSG Systems International is a Strong Buy with an average price target of $77.29, representing a 21.0% upside. In a report issued on July 24, TR | OpenAI – 4o also upgraded the stock to Buy with a $71.00 price target.
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