Analysts’ Opinions Are Mixed on These Technology Stocks: SVMK Inc (NASDAQ: SVMK) and Sonim Technologies Inc (NASDAQ: SONM)

By Jason Carr

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on SVMK Inc (SVMKResearch Report) and Sonim Technologies Inc (SONMResearch Report).

SVMK Inc (SVMK)

In a report released today, Youssef Squali from SunTrust Robinson maintained a Buy rating on SVMK Inc, with a price target of $22. The company’s shares closed on Friday at $16.96.

Squali commented:

“We attended Usabilla’s (recent acquisition) Customer Experience Forum this week, which further crystallized for us the strategic/synergistic rational for the deal. Reiterate BUY Thesis. We believe SVMK is set up to show accelerating revenue growth in 2H19/2020, and potentially grow in excess of 20% for years to come, driven by its move up-market with SurveyMonkey Enterprise, adoption of the Teams product, and higher contribution from the international segment. We remain the Street high for revenue for FY22 (see Figure 4).”

According to TipRanks.com, Squali is a top 100 analyst with an average return of 25.0% and a 70.8% success rate. Squali covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Uber Technologies Inc, and IAC/InterActiveCorp.

Currently, the analyst consensus on SVMK Inc is a Strong Buy with an average price target of $19.20.

See today’s analyst top recommended stocks >>

Sonim Technologies Inc (SONM)

In a report released today, Matthew Galinko from National Securities Corp initiated coverage with a Hold rating on Sonim Technologies Inc and a price target of $17. The company’s shares closed on Friday at $16.13.

According to TipRanks.com, Galinko is a 3-star analyst with an average return of 5.3% and a 64.7% success rate. Galinko covers the Consumer Goods sector, focusing on stocks such as Xperi Corporation, Shotspotter Inc, and Inseego Corp.

Sonim Technologies Inc has an analyst consensus of Moderate Buy, with a price target consensus of $18.50.

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