Analysts Offer Insights on Technology Companies: Itron (NASDAQ: ITRI) and QAD Inc (NASDAQ: QADA)

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Itron (NASDAQ: ITRI) and QAD Inc (NASDAQ: QADA) with bullish sentiments.

Itron (NASDAQ: ITRI)

Canaccord Genuity analyst John Quealy reiterated a Buy rating on Itron (NASDAQ: ITRI) yesterday and set a price target of $72. The company’s shares opened today at $67.25, close to its 52-week high of $67.70.

According to TipRanks.com, Quealy is a 4-star analyst with an average return of 6.6% and a 54.0% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Darling Ingredients, and Ceco Environmental.

Currently, the analyst consensus on Itron is Strong Buy and the average price target is $73, representing an 8.6% upside.

In a report issued on May 22, Oppenheimer also reiterated a Buy rating on the stock with a $71 price target.
QAD Inc (NASDAQ: QADA)

In a report released today, Richard Davis from Canaccord Genuity reiterated a Buy rating on QAD Inc (NASDAQ: QADA), with a price target of $35. The company’s shares opened today at $29.90, close to its 52-week high of $31.43.

According to TipRanks.com, Davis is a top 25 analyst with an average return of 24.8% and a 74.8% success rate. Davis covers the Technology sector, focusing on stocks such as Bottomline Technologies, Nuance Communications, and Ultimate Software.

QAD Inc has an analyst consensus of Moderate Buy, with a price target consensus of $35.

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