Analysts’ Opinions Are Mixed on These Technology Stocks: Check Point (NASDAQ: CHKP), Spotify Technology SA (NYSE: SPOT) and Akamai (NASDAQ: AKAM)

By Jason Carr

Analysts have been eager to weigh in on the Technology sector with new ratings on Check Point (CHKPResearch Report), Spotify Technology SA (SPOTResearch Report) and Akamai (AKAMResearch Report).

Check Point (CHKP)

In a report released today, Robert Breza from Northland Securities maintained a Hold rating on Check Point, with a price target of $130.00. The company’s shares closed last Monday at $109.02.

According to TipRanks.com, Breza is a 5-star analyst with an average return of 11.2% and a 59.2% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, MobileIron, Inc., and Salesforce.com.

The word on The Street in general, suggests a Hold analyst consensus rating for Check Point with a $117.43 average price target, representing a 7.0% upside. In a report released yesterday, Robert W. Baird also maintained a Hold rating on the stock with a $120.00 price target.

See today’s analyst top recommended stocks >>

Spotify Technology SA (SPOT)

In a report released today, Mark Zgutowicz from Rosenblatt Securities reiterated a Buy rating on Spotify Technology SA, with a price target of $184.00. The company’s shares closed last Monday at $140.20.

According to TipRanks.com, Zgutowicz is a 4-star analyst with an average return of 14.1% and a 60.4% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Trade Desk Inc, Pinterest Inc, and Wix.com Ltd.

Spotify Technology SA has an analyst consensus of Moderate Buy, with a price target consensus of $166.94, implying a 27.3% upside from current levels. In a report issued on October 22, Monness also maintained a Buy rating on the stock with a $200.00 price target.

Akamai (AKAM)

In a report released yesterday, Kenneth Talanian from Evercore ISI maintained a Hold rating on Akamai, with a price target of $80.00. The company’s shares closed last Monday at $89.48, close to its 52-week high of $93.12.

According to TipRanks.com, Talanian is a 5-star analyst with an average return of 14.7% and a 67.2% success rate. Talanian covers the Technology sector, focusing on stocks such as CyberArk Software, Proofpoint Inc, and Symantec Corp.

Akamai has an analyst consensus of Moderate Buy, with a price target consensus of $94.85.

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