Analysts’ Opinions Are Mixed on These Technology Stocks: Castlight Health (NYSE: CSLT), HubSpot (NYSE: HUBS) and Itron (NASDAQ: ITRI)

By Ryan Adsit

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Castlight Health (NYSE: CSLT), HubSpot (NYSE: HUBS) and Itron (NASDAQ: ITRI).

Castlight Health (NYSE: CSLT)

In a report released yesterday, Richard Close from Canaccord Genuity reiterated a Hold rating on Castlight Health (NYSE: CSLT), with a price target of $5. The company’s shares opened today at $3.96.

According to TipRanks.com, Close is a 2-star analyst with an average return of 0.0% and a 35.3% success rate. Close covers the Technology sector, focusing on stocks such as Evolent Health, Athenahealth, and Cerner Corp.

Castlight Health has an analyst consensus of Hold, with a price target consensus of $4.

HubSpot (NYSE: HUBS)

Canaccord Genuity analyst Richard Davis reiterated a Buy rating on HubSpot (NYSE: HUBS) yesterday and set a price target of $62. The company’s shares opened today at $49.95.

According to TipRanks.com, Davis is a top 100 analyst with an average return of 8.2% and a 57.0% success rate. Davis covers the Technology sector, focusing on stocks such as Bottomline Technologies, Nuance Communications, and Ultimate Software.

Currently, the analyst consensus on HubSpot is Strong Buy and the average price target is $64.50, representing a 29.1% upside.

In a report issued on October 31, J.P. Morgan also upgraded the stock to Buy with a $62 price target.
Itron (NASDAQ: ITRI)

Canaccord Genuity analyst John Quealy reiterated a Buy rating on Itron (NASDAQ: ITRI) yesterday and set a price target of $61. The company’s shares opened today at $58.20, close to its 52-week high of $61.65.

According to TipRanks.com, Quealy is a 3-star analyst with an average return of 1.2% and a 43.8% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Darling Ingredients, and Lsi Industries Inc.

Itron has an analyst consensus of Strong Buy.