Analysts Offer Insights on Technology Companies: Widepoint (NYSE MKT: WYY) and PFSweb (NASDAQ: PFSW)

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Widepoint (WYYResearch Report) and PFSweb (PFSWResearch Report) with bullish sentiments.

Widepoint (WYY)

In a report released today, Mike Crawford from B.Riley FBR reiterated a Buy rating on Widepoint, with a price target of $1.00. The company’s shares closed last Monday at $0.33, close to its 52-week low of $0.28.

According to TipRanks.com, Crawford is a 4-star analyst with an average return of 5.5% and a 55.6% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as TTM Technologies, Finjan Holdings, and Kratos Defense.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Widepoint with a $1.00 average price target.

See today’s analyst top recommended stocks >>

PFSweb (PFSW)

B.Riley FBR analyst Kara Anderson reiterated a Buy rating on PFSweb today and set a price target of $5.00. The company’s shares closed last Monday at $3.40.

According to TipRanks.com, Anderson is ranked #1163 out of 5642 analysts.

Currently, the analyst consensus on PFSweb is a Moderate Buy with an average price target of $5.00, which is a 47.5% upside from current levels. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $5.00 price target.

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