Analysts Offer Insights on Technology Companies: PTC Inc (NASDAQ: PTC), Cree (NASDAQ: CREE) and TubeMogul (NASDAQ: TUBE)

By Ryan Adsit

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on PTC Inc (NASDAQ: PTC), Cree (NASDAQ: CREE) and TubeMogul (NASDAQ: TUBE).

PTC Inc (NASDAQ: PTC)

In a report released today, Steven Koenig from Wedbush reiterated a Buy rating on PTC Inc (NASDAQ: PTC), with a price target of $56. The company’s shares closed yesterday at $46.68, close to its 52-week high of $47.64.

According to TipRanks.com, Koenig is a 4-star analyst with an average return of 4.8% and a 51.3% success rate. Koenig covers the Technology sector, focusing on stocks such as Progress Software Corp., Informatica Corp., and Ultimate Software.

Currently, the analyst consensus on PTC Inc is Strong Buy and the average price target is $55.50, representing a 18.9% upside.

In a report issued on October 27, Brean Capital also reiterated a Buy rating on the stock with a $55 price target.
Cree (NASDAQ: CREE)

In a report released yesterday, John Quealy from Canaccord Genuity reiterated a Hold rating on Cree (NASDAQ: CREE), with a price target of $20. The company’s shares closed yesterday at $21.82, close to its 52-week low of $20.75.

According to TipRanks.com, Quealy is a 3-star analyst with an average return of 1.2% and a 44.1% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Darling Ingredients, and Lsi Industries Inc.

Cree has an analyst consensus of Hold, with a price target consensus of $19.

TubeMogul (NASDAQ: TUBE)

In a report released today, Ronald Josey from JMP Securities reiterated a Hold rating on TubeMogul (NASDAQ: TUBE). The company’s shares closed yesterday at $7.69, close to its 52-week low of $7.

According to TipRanks.com, Josey is a 3-star analyst with an average return of 1.8% and a 56.5% success rate. Josey covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Facebook Inc, and Alphabet Inc.

Currently, the analyst consensus on TubeMogul is Moderate Buy and the average price target is $15, representing a 95.1% upside.

In a report issued on October 27, Albert Fried also downgraded the stock to Hold with a $14 price target.