Analysts Offer Insights on Technology Companies: Global Eagle (NASDAQ: ENT), Veritone Inc (NASDAQ: VERI) and Hortonworks (NASDAQ: HDP)

By Carrie Williams

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Global Eagle (NASDAQ: ENT), Veritone Inc (NASDAQ: VERI) and Hortonworks (NASDAQ: HDP) with bullish sentiments.

Global Eagle (NASDAQ: ENT)

In a report released yesterday, Paul Penney from Northland Securities reiterated a Buy rating on Global Eagle (NASDAQ: ENT). The company’s shares opened today at $2.97, close to its 52-week high of $9.73.

According to TipRanks.com, Penney is ranked #991 out of 4619 analysts.

Global Eagle has an analyst consensus of Moderate Buy.

Veritone Inc (NASDAQ: VERI)

Northland Securities analyst Michael Latimore reiterated a Buy rating on Veritone Inc (NASDAQ: VERI) yesterday and set a price target of $19. The company’s shares opened today at $13.11.

According to TipRanks.com, Latimore is a 1-star analyst with an average return of -1.5% and a 50.0% success rate. Latimore covers the Technology sector, focusing on stocks such as Great Elm Capital Group Inc, Interactive Intelligence, and Nuance Communications.

Veritone Inc has an analyst consensus of Strong Buy, with a price target consensus of $18.07.

Hortonworks (NASDAQ: HDP)

In a report released yesterday, Tim Klasell from Northland Securities reiterated a Buy rating on Hortonworks (NASDAQ: HDP), with a price target of $24. The company’s shares opened today at $15.91, close to its 52-week high of $16.43.

According to TipRanks.com, Klasell is a 5-star analyst with an average return of 15.2% and a 66.2% success rate. Klasell covers the Technology sector, focusing on stocks such as Tyler Technologies, CommVault Systems, and Jive Software Inc.

Currently, the analyst consensus on Hortonworks is Moderate Buy and the average price target is $19.50, representing a 22.6% upside.

In a report issued on August 13, RBC Capital also reiterated a Buy rating on the stock with a $16 price target.

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