Analysts Offer Insights on Technology Companies: Nimble Storage (NYSE: NMBL), Descartes (NASDAQ: DSGX) and Oracle Corp (NYSE: ORCL)

By Ryan Adsit

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Nimble Storage (NYSE: NMBL), Descartes (NASDAQ: DSGX) and Oracle Corp (NYSE: ORCL).

Nimble Storage (NYSE: NMBL)

RBC Capital analyst Amit Daryanani reiterated a Hold rating on Nimble Storage (NYSE: NMBL) on March 7 and set a price target of $12.50. The company’s shares closed last Friday at $12.56, close to its 52-week high of $12.58.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 25.7% and a 92.1% success rate. Daryanani covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Benchmark Electronics, and Applied Materials.

Currently, the analyst consensus on Nimble Storage is Hold and the average price target is $12.20, representing a -2.9% downside.

In a report issued on March 7, Jefferies also downgraded the stock to Hold with a $12.50 price target.
Descartes (NASDAQ: DSGX)

RBC Capital analyst Paul Treiber reiterated a Buy rating on Descartes (NASDAQ: DSGX) on March 8 and set a price target of $27. The company’s shares closed last Friday at $22.40, close to its 52-week high of $22.90.

According to TipRanks.com, Treiber is a 5-star analyst with an average return of 21.3% and a 88.2% success rate. Treiber covers the Technology sector, focusing on stocks such as Mitel Networks Corp, Sierra Wireless, and BlackBerry.

Currently, the analyst consensus on Descartes is Moderate Buy and the average price target is $25.25, representing a 12.7% upside.

In a report issued on February 23, Canaccord Genuity also reiterated a Buy rating on the stock with a $26 price target.
Oracle Corp (NYSE: ORCL)

RBC Capital analyst Ross MacMillan reiterated a Buy rating on Oracle Corp (NYSE: ORCL) on March 10 and set a price target of $46. The company’s shares closed last Friday at $42.68, close to its 52-week high of $43.26.

According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 21.6% and a 83.0% success rate. MacMillan covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Intralinks Holdings, and Palo Alto Networks.

Currently, the analyst consensus on Oracle Corp is Moderate Buy and the average price target is $44.71, representing a 4.8% upside.

In a report issued on February 23, Canaccord Genuity also reiterated a Buy rating on the stock with a $45 price target.

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