Analysts Conflictied on These Technology Names: RingCentral (NYSE: RNG), Cisco Systems (NASDAQ: CSCO) and NetApp (NASDAQ: NTAP)

By Austin Angelo

Analysts have been eager to weigh in on the Technology sector with new ratings on RingCentral (NYSE: RNG), Cisco Systems (NASDAQ: CSCO) and NetApp (NASDAQ: NTAP).

RingCentral (NYSE: RNG)

Jefferies analyst John Difucci reiterated a Buy rating on RingCentral (NYSE: RNG) today and set a price target of $29. The company’s shares opened today at $24.10, close to its 52-week high of $25.67.

According to TipRanks.com, Difucci is a 5-star analyst with an average return of 8.7% and a 55.2% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, CommVault Systems, and AVG Technologies.

Currently, the analyst consensus on RingCentral is Strong Buy and the average price target is $28.75, representing a 19.3% upside.

In a report released today, Oppenheimer also reiterated a Buy rating on the stock with a $29 price target.
Cisco Systems (NASDAQ: CSCO)

BMO Capital analyst Tim Long reiterated a Buy rating on Cisco Systems (NASDAQ: CSCO) yesterday and set a price target of $33. The company’s shares opened today at $29.91.

According to TipRanks.com, Long is a 4-star analyst with an average return of 5.1% and a 58.1% success rate. Long covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Riverbed Technology.

Currently, the analyst consensus on Cisco Systems is Moderate Buy and the average price target is $33.58, representing a 12.3% upside.

In a report issued on November 2, Robert W. Baird also reiterated a Buy rating on the stock.
NetApp (NASDAQ: NTAP)

In a report released today, Nehal Chokshi from Maxim Group downgraded NetApp (NASDAQ: NTAP) to Hold, with a price target of $43. The company’s shares opened today at $38.45, close to its 52-week high of $39.

According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 11.3% and a 84.8% success rate. Chokshi covers the Technology sector, focusing on stocks such as Dot Hill Systems Corp., Super Micro Computer, and Palo Alto Networks.

Currently, the analyst consensus on NetApp is Hold and the average price target is $34.36, representing a -10.6% downside.

In a report issued on November 4, Robert W. Baird also reiterated a Hold rating on the stock.