Analysts Offer Insights on Technology Companies: YY Inc (NASDAQ: YY) and Splunk Inc (NASDAQ: SPLK)

By Austin Angelo

Analysts have been eager to weigh in on the Technology sector with new ratings on YY Inc (NASDAQ: YY) and Splunk Inc (NASDAQ: SPLK).

YY Inc (NASDAQ: YY)

In a report released yesterday, Jessie Guo from Jefferies reiterated a Hold rating on YY Inc (NASDAQ: YY), with a price target of $56. The company’s shares closed yesterday at $54.91.

According to TipRanks.com, Guo is a 4-star analyst with an average return of 25.8% and a 77.3% success rate. Guo covers the Technology sector, focusing on stocks such as Alibaba Group, NetEase Inc, and Sina Corp.

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

Splunk Inc (NASDAQ: SPLK)

In a report released yesterday, John Difucci from Jefferies reiterated a Buy rating on Splunk Inc (NASDAQ: SPLK), with a price target of $81. The company’s shares closed yesterday at $57.50.

According to TipRanks.com, Difucci is a top 100 analyst with an average return of 16.7% and a 72.4% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Activision Blizzard, and Palo Alto Networks.

Splunk Inc has an analyst consensus of Strong Buy, with a price target consensus of $75.09.

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