Analysts Offer Insights on Technology Companies: Brightcove Inc (NASDAQ: BCOV) and FireEye Inc (NASDAQ: FEYE)

By Carrie Williams

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Brightcove Inc (BCOVResearch Report) and FireEye Inc (FEYEResearch Report) with bullish sentiments.

Brightcove Inc (BCOV)

In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Brightcove Inc, with a price target of $12. The company’s shares closed on Friday at $8.61.

Latimore noted:

“We attended NAB 2019 last week, visiting with new senior BCOV managers (sales, marketing, product). NAB is the main industry event for broadcasters, and heavily focused on video tech and services. We came away impressed with the strategy and recent actions of senior management, and have more confidence BCOV can produce accelerating bookings growth in 2H.”

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.6% and a 59.2% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Everbridge Inc, and Veritone Inc.

Brightcove Inc has an analyst consensus of Moderate Buy, with a price target consensus of $12.

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FireEye Inc (FEYE)

In a report released today, Robert Breza from Northland Securities maintained a Buy rating on FireEye Inc, with a price target of $27. The company’s shares closed on Friday at $16.09.

According to TipRanks.com, Breza is a 5-star analyst with an average return of 13.0% and a 63.0% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, Salesforce.com, and Workday Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FireEye Inc with a $21 average price target.

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