Analysts Offer Insights on Technology Companies: Gigamon (NYSE: GIMO), Exlservice Holdings (NASDAQ: EXLS) and Everbridge Inc (NASDAQ: EVBG)

By Carrie Williams

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Gigamon (NYSE: GIMO), Exlservice Holdings (NASDAQ: EXLS) and Everbridge Inc (NASDAQ: EVBG) with bullish sentiments.

Gigamon (NYSE: GIMO)

In a report issued on July 28, Patrick Newton from Stifel Nicolaus reiterated a Buy rating on Gigamon (NYSE: GIMO), with a price target of $48. The company’s shares closed on Friday at $40.40.

According to TipRanks.com, Newton is a 5-star analyst with an average return of 26.1% and a 89.3% success rate. Newton covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Ipg Photonics Corp, and Faro Technologies.

Gigamon has an analyst consensus of Moderate Buy, with a price target consensus of $44.20.

Exlservice Holdings (NASDAQ: EXLS)

Stifel Nicolaus analyst David Grossman reiterated a Buy rating on Exlservice Holdings (NASDAQ: EXLS) on July 28 and set a price target of $67. The company’s shares closed on Friday at $57.60, close to its 52-week high of $59.84.

According to TipRanks.com, Grossman is a 5-star analyst with an average return of 18.7% and a 74.7% success rate. Grossman covers the Technology sector, focusing on stocks such as Automatic Data Processing, Bottomline Technologies, and DXC Technology Company.

Currently, the analyst consensus on Exlservice Holdings is Strong Buy and the average price target is $60.80, representing a 5.6% upside.

In a report issued on July 28, Cantor Fitzgerald also maintained a Buy rating on the stock with a $64 price target.
Everbridge Inc (NASDAQ: EVBG)

Stifel Nicolaus analyst Brad Reback reiterated a Buy rating on Everbridge Inc (NASDAQ: EVBG) on July 28 and set a price target of $27. The company’s shares closed on Friday at $23.48.

According to TipRanks.com, Reback is a 5-star analyst with an average return of 11.9% and a 66.7% success rate. Reback covers the Technology sector, focusing on stocks such as CSG Systems International, Synchronoss Technologies, and Intralinks Holdings.

Everbridge Inc has an analyst consensus of Strong Buy, with a price target consensus of $28.40.

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