Analysts Offer Insights on Technology Companies: Splunk Inc (NASDAQ: SPLK), Celestica (NYSE: CLS) and Plexus (NASDAQ: PLXS)

By Carrie Williams

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Splunk Inc (NASDAQ: SPLK), Celestica (NYSE: CLS) and Plexus (NASDAQ: PLXS).

Splunk Inc (NASDAQ: SPLK)

In a report released yesterday, Matthew Hedberg from RBC Capital reiterated a Buy rating on Splunk Inc (NASDAQ: SPLK), with a price target of $70. The company’s shares closed yesterday at $62.03.

According to TipRanks.com, Hedberg is a top 100 analyst with an average return of 18.3% and a 71.8% success rate. Hedberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Interactive Intelligence, and Palo Alto Networks.

Currently, the analyst consensus on Splunk Inc is Strong Buy and the average price target is $74.90, representing a 20.7% upside.

In a report issued on April 17, BTIG also initiated coverage with a Buy rating on the stock with a $80 price target.
Celestica (NYSE: CLS)

In a report released yesterday, Amit Daryanani from RBC Capital reiterated a Hold rating on Celestica (NYSE: CLS), with a price target of $15. The company’s shares closed yesterday at $14.20.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 22.7% and a 86.2% 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 Celestica is Moderate Buy and the average price target is $15.63, representing a 10.1% upside.

In a report issued on April 6, Citigroup also upgraded the stock to Hold.
Plexus (NASDAQ: PLXS)

RBC Capital analyst Mitch Steves reiterated a Hold rating on Plexus (NASDAQ: PLXS) yesterday and set a price target of $55. The company’s shares closed yesterday at $53.62.

According to TipRanks.com, Steves is a 5-star analyst with an average return of 18.2% and a 78.7% success rate. Steves covers the Technology sector, focusing on stocks such as Benchmark Electronics, Juniper Networks, and Sanmina-Sci Corp.

Plexus has an analyst consensus of Hold, with a price target consensus of $55.

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