Analysts Offer Insights on Technology Companies: Zayo Group Holdings (NYSE: ZAYO), Luxoft Holding (NYSE: LXFT) and Snap Inc (NASDAQ: SNAP)

By Austin Angelo

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Zayo Group Holdings (NYSE: ZAYO), Luxoft Holding (NYSE: LXFT) and Snap Inc (NASDAQ: SNAP).

Zayo Group Holdings (NYSE: ZAYO)

In a report released yesterday, Colby Synesael from Cowen & Co. reiterated a Buy rating on Zayo Group Holdings (NYSE: ZAYO), with a price target of $45. The company’s shares closed yesterday at $33.82.

According to TipRanks.com, Synesael is a top 100 analyst with an average return of 16.9% and a 84.1% success rate. Synesael covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Interxion Holding NV, and Consolidated Comms.

Currently, the analyst consensus on Zayo Group Holdings is Strong Buy and the average price target is $40.67, representing a 20.3% upside.

In a report issued on July 27, RBC Capital also reiterated a Buy rating on the stock with a $37 price target.
Luxoft Holding (NYSE: LXFT)

In a report released yesterday, Avishai Kantor from Cowen & Co. reiterated a Buy rating on Luxoft Holding (NYSE: LXFT), with a price target of $63. The company’s shares closed yesterday at $45.70.

According to TipRanks.com, Kantor is a 4-star analyst with an average return of 9.4% and a 72.0% success rate. Kantor covers the Technology sector, focusing on stocks such as DXC Technology Company, Epam Systems Inc, and Virtusa Corp.

Luxoft Holding has an analyst consensus of Moderate Buy, with a price target consensus of $69.50.

Snap Inc (NASDAQ: SNAP)

Cowen & Co. analyst John Blackledge reiterated a Hold rating on Snap Inc (NASDAQ: SNAP) yesterday and set a price target of $14. The company’s shares closed yesterday at $11.83, close to its 52-week high of $29.44.

According to TipRanks.com, Blackledge is a 5-star analyst with an average return of 15.8% and a 70.2% success rate. Blackledge covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group Inc, and Pandora Media.

Currently, the analyst consensus on Snap Inc is Hold and the average price target is $16.53, representing a 39.7% upside.

In a report released yesterday, Cantor Fitzgerald also maintained a Hold rating on the stock with a $15 price target.

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