Craig-Hallum analyst Richard Shannon maintained a Buy rating on POET Technologies today
posted on
May 11, 2023 11:27AM
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Sportradar Group AG (SRAD – Research Report), Digimarc (DMRC – Research Report) and POET Technologies (POET – Research Report).
Sportradar Group AG (SRAD)
In a report released today, Ryan Sigdahl from Craig-Hallum reiterated a Buy rating on Sportradar Group AG, with a price target of $25.00. The company’s shares closed last Wednesday at $11.55.
According to TipRanks.com, Sigdahl is a 5-star analyst with an average return of <font-weight:bold;' style="box-sizing: border-box; margin: 0px; outline: none; padding: 0px;">25.0% and a 50.3% success rate. Sigdahl covers the Technology sector, focusing on stocks such as Inspired Entertainment, Genius Sports Limited, and Gambling.com.</font-weight:bold;'>
Currently, the analyst consensus on Sportradar Group AG is a Moderate Buy with an average price target of $14.50.
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Digimarc (DMRC)
Craig-Hallum analyst Jeff Van Rhee maintained a Hold rating on Digimarc today and set a price target of $25.00. The company’s shares closed last Wednesday at $19.92.
According to TipRanks.com, Rhee is a 5-star analyst with an average return of <font-weight:bold;' style="box-sizing: border-box; margin: 0px; outline: none; padding: 0px;">22.6% and a 56.1% success rate. Rhee covers the Technology sector, focusing on stocks such as Planet Labs PBC, Upland Software, and Rimini Street.</font-weight:bold;'>
Digimarc has an analyst consensus of Hold, with a price target consensus of $25.00.
POET Technologies (POET)
Craig-Hallum analyst Richard Shannon maintained a Buy rating on POET Technologies today. The company’s shares closed last Wednesday at $4.37.
According to TipRanks.com, Shannon is a 2-star analyst with an average return of <font-weight:bold;' style="box-sizing: border-box; margin: 0px; outline: none; padding: 0px;">0.1% and a 38.4% success rate. Shannon covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Everspin Technologies.</font-weight:bold;'>
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for POET Technologies with a $5.00 average price target, which is a 16.6% upside from current levels. In a report issued on April 26, H.C. Wainwright also reiterated a Buy rating on the stock with a $5.00 price target.
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