Analysts’ Opinions Are Mixed on These Technology Stocks: Medidata Solutions (NASDAQ: MDSO), Symantec Corp (NASDAQ: SYMC) and Weibo (NASDAQ: WB)

By Carrie Williams

Analysts have been eager to weigh in on the Technology sector with new ratings on Medidata Solutions (NASDAQ: MDSO), Symantec Corp (NASDAQ: SYMC) and Weibo (NASDAQ: WB).

Medidata Solutions (NASDAQ: MDSO)

Jefferies analyst David Windley reiterated a Sell rating on Medidata Solutions (NASDAQ: MDSO) yesterday and set a price target of $46. The company’s shares closed yesterday at $54.40, close to its 52-week high of $57.85.

According to TipRanks.com, Windley is a top 100 analyst with an average return of 14.9% and a 70.0% success rate. Windley covers the Healthcare sector, focusing on stocks such as Quintiles Transnational, WellCare Health Plans, and Charles River Labs .

Medidata Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $55.50.

Symantec Corp (NASDAQ: SYMC)

In a report released yesterday, John Difucci from Jefferies reiterated a Hold rating on Symantec Corp (NASDAQ: SYMC), with a price target of $23. The company’s shares closed yesterday at $24.52, close to its 52-week high of $25.72.

Difucci observed:

“SYMC is to acquire LifeLock for $2.3B, combining antivirus and identity protection, while potentially returning the Consumer segment to growth. The company reiterated FY18 guide for $1.70-1.80 non-GAAP EPS, which we estimate could include $0.05 of LOCK accretion, offset by less-than-expected share repurchases. We believe the price of 3.7x Recurring Rev is reasonable given LOCK’s high rev retention and the strategic nature of the acquisition. Details. The $2.3B deal is expected to close in C1Q17/F4Q17, and will be financed using cash on hand and $750M in new debt.”

According to TipRanks.com, Difucci is a 5-star analyst with an average return of 9.2% and a 56.6% 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 Symantec Corp is Moderate Buy and the average price target is $27.11, representing a 10.6% upside.

In a report issued on November 8, Pacific Crest also reiterated a Hold rating on the stock.
Weibo (NASDAQ: WB)

In a report released today, Karen Chan from Jefferies reiterated a Buy rating on Weibo (NASDAQ: WB), with a price target of $60. The company’s shares closed yesterday at $45.61.

Chan wrote:

“Weibo’s 3Q16 results and guidance beat out Street-high estimates with revenue coming in 2.0%/0.4% ahead of Street/our estimate driven by strong adoption of social advertising among both KA and SME customers. Non-GAAP net profit beat Street by 22.2% and our estimate by 10.4% benefiting from continued operating leverage.”

According to TipRanks.com, Chan is a 2-star analyst with an average return of -0.1% and a 56.5% success rate. Chan covers the Technology sector, focusing on stocks such as Alibaba Group, Facebook Inc, and Alphabet Inc.

Currently, the analyst consensus on Weibo is Strong Buy and the average price target is $53, representing a 16.2% upside.

In a report released today, Piper Jaffray also reiterated a Buy rating on the stock with a $53 price target.