Analysts Offer Insights on Technology Companies: Leidos Holdings (NYSE: LDOS), Match Group Inc (NASDAQ: MTCH) and NXT-ID Inc (NASDAQ: NXTD)

By Carrie Williams

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Leidos Holdings (NYSE: LDOS), Match Group Inc (NASDAQ: MTCH) and NXT-ID Inc (NASDAQ: NXTD) with bullish sentiments.

Leidos Holdings (NYSE: LDOS)

Cowen & Co. analyst Cai Rumohr reiterated a Buy rating on Leidos Holdings (NYSE: LDOS) today and set a price target of $62. The company’s shares closed yesterday at $52.27.

Rumohr observed:

“Investors should like strong Q2, hiked 2017 guide, and slightly better than estimated.”

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.3% and a 76.6% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Lockheed Martin Corp, and Transdigm Group Inc.

Leidos Holdings has an analyst consensus of Strong Buy, with a price target consensus of $58.

Match Group Inc (NASDAQ: MTCH)

In a report released today, Victor Anthony from Aegis Capital maintained a Buy rating on Match Group Inc (NASDAQ: MTCH), with a price target of $23. The company’s shares closed yesterday at $19.01.

Anthony said:

“We maintain our Buy rating and increase our price target to $23 from $22. Catalysts include: (1) execution against Tech initiatives; (2) Tinder Gold contribution; (3) expansion of Tinder Online with payments – should aid sub growth and lessen in-app fees; (4) advertising ramp in 2018; (5) resumption of Match.com growth; and (6) an IAC event. New CEO Mandy Ginsberg Effective Jan 1, 2018. The current CEO of Match Group Americas is a veteran of Match. She has held positions such as CEO of Match.com, CEO of The Princeton Review, and VP of Chemistry.com.”

According to TipRanks.com, Anthony is a 5-star analyst with an average return of 13.6% and a 65.8% success rate. Anthony covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Paypal Holdings, and Pandora Media.

Currently, the analyst consensus on Match Group Inc is Strong Buy and the average price target is $22, representing a 15.7% upside.

In a report issued on July 28, Cowen & Co. also reiterated a Buy rating on the stock with a $22 price target.
NXT-ID Inc (NASDAQ: NXTD)

In a report released today, Brian Kinstlinger from Maxim Group reiterated a Buy rating on NXT-ID Inc (NASDAQ: NXTD), with a price target of $5. The company’s shares closed yesterday at $1.69, close to its 52-week high of $5.34.

According to TipRanks.com, Kinstlinger is a 2-star analyst with an average return of 0.1% and a 47.4% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Applied DNA Sciences, Caci International, and Tyler Technologies.

NXT-ID Inc has an analyst consensus of Moderate Buy, with a price target consensus of $5.

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