There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on VTEX (VTEX – Research Report), Media and Games Invest SE (MDGIF – Research Report) and Bilibili (BILI – Research Report) with bullish sentiments.
VTEX (VTEX)
In a report released yesterday, Fred Mendes from Bank of America Securities maintained a Buy rating on VTEX, with a price target of $6.50. The company’s shares closed last Tuesday at $4.39.
According to TipRanks.com, Mendes is a 3-star analyst with an average return of 3.0% and a 61.1% success rate. Mendes covers the NA sector, focusing on stocks such as Telefonica Brasil, America Movil, and TIM.
VTEX has an analyst consensus of Strong Buy, with a price target consensus of $5.83, representing a 38.8% upside. In a report issued on June 2, Piper Sandler also reiterated a Buy rating on the stock with a $5.00 price target.
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Bilibili (BILI)
In a report released today, Lei Zhang from Bank of America Securities reiterated a Buy rating on Bilibili, with a price target of $25.00. The company’s shares closed last Tuesday at $15.81.
According to TipRanks.com, Zhang is a 3-star analyst with an average return of 9.8% and a 36.4% success rate. Zhang covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, NetEase, and Iqiyi.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bilibili with a $21.81 average price target, representing a 44.2% upside. In a report issued on June 1, Jefferies also maintained a Buy rating on the stock with a price target.
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