Analysts Have Conflicting Sentiments on These Technology Companies: InvenSense (NYSE: INVN), Hortonworks (NASDAQ: HDP) and 3D Systems (NYSE: DDD)

By Austin Angelo

Analysts have been eager to weigh in on the Technology sector with new ratings on InvenSense (NYSE: INVN), Hortonworks (NASDAQ: HDP) and 3D Systems (NYSE: DDD).

InvenSense (NYSE: INVN)

Pacific Crest analyst John Vinh reiterated a Buy rating on InvenSense (NYSE: INVN) yesterday and set a price target of $9. The company’s shares closed yesterday at $7.28.

Vinh said:

“We see a favorable risk/reward and remain buyers of INVN.”

According to TipRanks.com, Vinh is a 4-star analyst with an average return of 4.1% and a 46.2% success rate. Vinh covers the Technology sector, focusing on stocks such as Silicon Laboratories, Dolby Laboratories, and NXP Semiconductors.

Currently, the analyst consensus on InvenSense is Moderate Buy and the average price target is $9, representing a 23.6% upside.

In a report issued on October 31, Roth Capital also reiterated a Buy rating on the stock with a $9 price target.
Hortonworks (NASDAQ: HDP)

Pacific Crest analyst Brent Bracelin reiterated a Hold rating on Hortonworks (NASDAQ: HDP) yesterday. The company’s shares closed yesterday at $6.57, close to its 52-week low of $6.42.

Bracelin observed:

“We do not have confidence in the company achieving adjusted EBITDA breakeven by year-end, unless it takes more meaningful cost-containment actions.”

According to TipRanks.com, Bracelin is a 1-star analyst with an average return of -1.1% and a 50.8% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Riverbed Technology, and Tyler Technologies.

Currently, the analyst consensus on Hortonworks is Moderate Buy and the average price target is $14.67, representing a 123.3% upside.

In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.
3D Systems (NYSE: DDD)

Pacific Crest analyst Weston Twigg reiterated a Hold rating on 3D Systems (NYSE: DDD) yesterday. The company’s shares closed yesterday at $13.48.

Twigg wrote:

“We think investors will need to be patient, as we project only a modest demand recovery in 2017 and the turnaround effort will take time.”

According to TipRanks.com, Twigg is a 5-star analyst with an average return of 11.2% and a 66.7% success rate. Twigg covers the Technology sector, focusing on stocks such as Advanced Energy Industries, Applied Materials, and Kla-Tencor Corp.

3D Systems has an analyst consensus of Moderate Buy.