Analysts Conflicted on These Technology Names: GrubHub (NYSE: GRUB) and NXT-ID Inc (NASDAQ: NXTD)

By Austin Angelo

Analysts have been eager to weigh in on the Technology sector with new ratings on GrubHub (NYSE: GRUB) and NXT-ID Inc (NASDAQ: NXTD).

GrubHub (NYSE: GRUB)

Maxim Group analyst Tom Forte reiterated a Hold rating on GrubHub (NYSE: GRUB) today. The company’s shares closed yesterday at $34.67.

Forte said:

“The company is expected to report 1Q17 earnings pre-market on Thursday, April 27, and host a call with investors at 10am ET.”

According to TipRanks.com, Forte is ranked 0 out of 5 stars with an average return of -10.7% and a 34.5% success rate. Forte covers the Services sector, focusing on stocks such as Burberry Group, Nordstrom Inc, and Overstockcom.

GrubHub has an analyst consensus of Moderate Buy, with a price target consensus of $44.

NXT-ID Inc (NASDAQ: NXTD)

Maxim Group analyst Brian Kinstlinger reiterated a Buy rating on NXT-ID Inc (NASDAQ: NXTD) today and set a price target of $4.25. The company’s shares closed yesterday at $1.58.

Kinstlinger noted:

“We argue NXTD’s SmartCard payment technology is secure and convenient as it stores multiple credit card numbers on one card.”

According to TipRanks.com, Kinstlinger is a 1-star analyst with an average return of -3.5% and a 41.4% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Applied DNA Sciences, Tyler Technologies, and Evolving Systems.

NXT-ID Inc has an analyst consensus of Hold.

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