Analysts Offer Insights on Technology Companies: Cogent Comms (NASDAQ: CCOI), Fiserv (NASDAQ: FISV) and AppFolio (NASDAQ: APPF)

By Ryan Adsit

Analysts fell to the sidelines weighing in on Cogent Comms (NASDAQ: CCOI), Fiserv (NASDAQ: FISV) and AppFolio (NASDAQ: APPF) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Cogent Comms (NASDAQ: CCOI)

KeyBanc analyst Brandon Nispel reiterated a Hold rating on Cogent Comms (NASDAQ: CCOI) yesterday. The company’s shares opened today at $49.75, close to its 52-week high of $51.85.

According to TipRanks.com, Nispel is a 3-star analyst with an average return of 6.0% and a 64.7% success rate. Nispel covers the Technology sector, focusing on stocks such as Zayo Group Holdings, GTT Communications, and Netscout Systems.

Currently, the analyst consensus on Cogent Comms is Moderate Buy and the average price target is $46, representing a -7.5% downside.

In a report issued on October 9, Wells Fargo also downgraded the stock to Hold with a $48 price target.
Fiserv (NASDAQ: FISV)

In a report issued on October 10, Arvind Ramnani from KeyBanc reiterated a Hold rating on Fiserv (NASDAQ: FISV). The company’s shares opened today at $126.73, close to its 52-week high of $129.81.

According to TipRanks.com, Ramnani is a 5-star analyst with an average return of 17.9% and a 96.1% success rate. Ramnani covers the Technology sector, focusing on stocks such as Fidelity National Info, DXC Technology Company, and Computer Sciences.

Currently, the analyst consensus on Fiserv is Moderate Buy and the average price target is $131, representing a 3.4% upside.

In a report issued on October 6, RBC Capital also reiterated a Hold rating on the stock with a $128 price target.
AppFolio (NASDAQ: APPF)

KeyBanc analyst Brent Bracelin reiterated a Hold rating on AppFolio (NASDAQ: APPF) yesterday. The company’s shares opened today at $51.70, close to its 52-week high of $52.25.

According to TipRanks.com, Bracelin is a top 100 analyst with an average return of 13.9% and a 73.9% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Riverbed Technology, and Medidata Solutions.

AppFolio has an analyst consensus of Hold, with a price target consensus of $35.

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