Analysts have been eager to weigh in on the Technology sector with new ratings on Applied Digital Corporation (APLD – Research Report) and Varonis Systems (VRNS – Research Report).
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Applied Digital Corporation (APLD)
Craig-Hallum analyst George Sutton maintained a Buy rating on Applied Digital Corporation on January 29. The company’s shares closed last Friday at $33.88.
According to TipRanks.com, Sutton is a 5-star analyst with an average return of 29.5% and a 55.0% success rate. Sutton covers the Technology sector, focusing on stocks such as DeFi Development Corporation, Core Scientific Inc, and The Hackett Group.
Applied Digital Corporation has an analyst consensus of Strong Buy, with a price target consensus of $52.22, representing a 40.3% upside. In a report issued on January 20, Texas Capital Securities also initiated coverage with a Buy rating on the stock with a $42.00 price target.
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Varonis Systems (VRNS)
In a report issued on January 29, Shrenik Kothari from Robert W. Baird maintained a Hold rating on Varonis Systems, with a price target of $42.00. The company’s shares closed last Friday at $29.84.
According to TipRanks.com, Kothari is a 5-star analyst with an average return of 21.5% and a 65.5% success rate. Kothari covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Rubrik, Inc. Class A, and Palo Alto Networks.
Currently, the analyst consensus on Varonis Systems is a Moderate Buy with an average price target of $46.00, representing a 50.3% upside. In a report issued on January 26, Morgan Stanley also downgraded the stock to Hold with a $41.00 price target.
