Analysts Are Bullish on These Technology Stocks: LMOS, TRIP

By Carrie Williams

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Lumos Networks (NASDAQ: LMOS), TripAdvisor Inc. (NASDAQ: TRIP) and Wix.com Ltd (NASDAQ: WIX) with bullish sentiments.

Lumos Networks (NASDAQ: LMOS)

In a report released today, Barry Sine from Drexel Hamilton reiterated a Buy rating on Lumos Networks (NASDAQ: LMOS), with a price target of $18. The company’s shares opened today at $14.83, equals to its 52-week high of $14.83.

Sine commented:

“We reiterate our Buy rating on LMOS shares. 3Q results were strong and in line, and the key growth drivers, mainly enterprise, look set to keep growing. The small acquisition looks positive financially and strategically. We applaud the RLEC sale effort but caution that the company may not find buyers given that it is a relatively small operator lacking scale. We also note that Lumos looks ideally situated in this heated M&A environment with both private and public companies recently announcing sales. Lumos has a strong position in Virginia and West Virginia. It serves the type of enterprise customers being sought out in acquisitions.”

According to TipRanks.com, Sine is a 1-star analyst with an average return of -1.6% and a 37.5% success rate. Sine covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Telephone & Data Systems Inc. , and Fairpoint Communications.

Lumos Networks has an analyst consensus of Moderate Buy, with a price target consensus of $17.50.

TripAdvisor Inc. (NASDAQ: TRIP)

In a report released today, Stephen Ju from Credit Suisse reiterated a Buy rating on TripAdvisor Inc. (NASDAQ: TRIP), with a price target of $65. The company’s shares opened today at $52.70, close to its 52-week low of $51.

According to TipRanks.com, Ju is a top 100 analyst with an average return of 14.6% and a 67.7% success rate. Ju covers the Technology sector, focusing on stocks such as Endurance International, Boingo Wireless Inc., and Activision Blizzard.

Currently, the analyst consensus on TripAdvisor Inc. is Hold and the average price target is $60.88, representing a 15.5% upside.

In a report released yesterday, Piper Jaffray also maintained a Buy rating on the stock with a $70 price target.
Wix.com Ltd (NASDAQ: WIX)

Cantor Fitzgerald analyst Naved Khan reiterated a Buy rating on Wix.com Ltd (NASDAQ: WIX) today and set a price target of $52. The company’s shares opened today at $46.10, close to its 52-week high of $49.49.

Khan commented:

“3Q results topped Street expectations on both the top line and bottom lines. Revenue was $75.6M (+40% Y/Y) vs. (FactSet) consensus $72.8M while EBITDA of $11.4M was above consensus $9.5M.”

According to TipRanks.com, Khan is a top 100 analyst with an average return of 19.1% and a 77.6% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, TripAdvisor Inc., and Travelzoo Inc.

Wix.com Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $49.