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Analysts’ Opinions Are Mixed on These Technology Stocks: The Descartes Systems Group (DSGX) and SolarEdge Technologies (SEDG)

Tipranks - Sat Sep 12, 7:54AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on The Descartes Systems Group (DSGX) and SolarEdge Technologies (SEDG).

The Descartes Systems Group (DSGX)

Morgan Stanley analyst Chris Quintero maintained a Buy rating on The Descartes Systems Group today and set a price target of $100.00. The company’s shares closed last Thursday at $71.32.

According to TipRanks.com, Quintero is a 1-star analyst with an average return of -3.2% and a 30.6% success rate. Quintero covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Manhattan Associates, and Bill.com Holdings. ;'>

Currently, the analyst consensus on The Descartes Systems Group is a Strong Buy with an average price target of $101.50, representing a 39.0% upside. In a report issued on September 1, William Blair also maintained a Buy rating on the stock.

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SolarEdge Technologies (SEDG)

BMO Capital analyst Ameet Thakkar maintained a Sell rating on SolarEdge Technologies yesterday and set a price target of $31.00. The company’s shares closed last Thursday at $36.75.

According to TipRanks.com, Thakkar is ranked #10922 out of 12504 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for SolarEdge Technologies with a $34.24 average price target, representing a -3.7% downside. In a report released yesterday, GLJ Research also maintained a Sell rating on the stock with a $6.90 price target.

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