Analysts Are Neutral on These Technology Stocks: TRUE, TLNDBy Austin Angelo
Analysts fell to the sidelines weighing in on TrueCar (NASDAQ: TRUE), Talend SA (NASDAQ: TLND) and Nvidia (NASDAQ: NVDA) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
TrueCar (NASDAQ: TRUE)
J.P. Morgan analyst Doug Anmuth reiterated a Hold rating on TrueCar (NASDAQ: TRUE) today and set a price target of $10. The company’s shares opened today at $11.27, close to its 52-week high of $11.64.
According to TipRanks.com, Anmuth is a top 100 analyst with an average return of 14.6% and a 64.4% success rate. Anmuth covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, TripAdvisor Inc., and Bankrate Inc.
Currently, the analyst consensus on TrueCar is Moderate Buy and the average price target is $11.28, representing a 0.1% upside.
In a report issued on November 4, JMP Securities also reiterated a Hold rating on the stock.
Talend SA (NASDAQ: TLND)
“Talend’s Q3 was marked by accelerating subscription revenue, which grew 44% y/y on a CC basis, and net-dollar expansion of 121% on a CC basis. Although Talend does not typically sign large deals up front, its land-and-expand model was evidenced by a customer adding $1.7M to its ACV in Q3, bringing its total spending to $4M annually. Talend also remains on track to be cash flow positive for the full year 2016. Talend’s headcount at the end of the quarter was 649, representing 40% growth y/y. Additionally, management commented that its growth of quota carrying sales reps was tracking ahead of its revenue growth, which we think is a critical indicator of how management views its opportunity. Calculated billings were inline with our estimate, and were adversely impacted by FX headwinds and a contraction in average contract duration to 1.2 years compared to 1.5 years in 3Q15 and vs. the company’s expectation of 1.4 years.”
According to TipRanks.com, Murphy is a 5-star analyst with an average return of 11.1% and a 74.0% success rate. Murphy covers the Technology sector, focusing on stocks such as Nuance Communications, Cornerstone Ondemand, and Coupa Software Inc.
Talend SA has an analyst consensus of Moderate Buy, with a price target consensus of $28.67.
Nvidia (NASDAQ: NVDA)
According to TipRanks.com, Sur is a 4-star analyst with an average return of 8.4% and a 63.5% success rate. Sur covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Integrated Device Tech, and Intermolecular Inc.
Currently, the analyst consensus on Nvidia is Moderate Buy and the average price target is $76.81, representing a -3.4% downside.
In a report released today, Brean Capital also maintained a Hold rating on the stock.