Analysts’ Top Technology Picks: AudioEye Inc (AEYE), Cynergistek Inc (CTEK)

By Carrie Williams

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on AudioEye Inc (AEYEResearch Report) and Cynergistek Inc (CTEKResearch Report) with bullish sentiments.

AudioEye Inc (AEYE)

In a report released yesterday, Zach Cummins from B.Riley FBR reiterated a Buy rating on AudioEye Inc, with a price target of $13. The company’s shares closed yesterday at $9.71.

According to TipRanks.com, Cummins is ranked 0 out of 5 stars with an average return of -11.3% and a 35.1% success rate. Cummins covers the Technology sector, focusing on stocks such as ServiceSource International Inc, ChannelAdvisor, and Computer Task.

Currently, the analyst consensus on AudioEye Inc is a Moderate Buy with an average price target of $12.75.

See today’s analyst top recommended stocks >>

Cynergistek Inc (CTEK)

B.Riley FBR analyst Andrew D’silva maintained a Buy rating on Cynergistek Inc yesterday and set a price target of $7.25. The company’s shares closed yesterday at $4.60.

D’silva said:

“CynergisTek (CTEK) reported 1Q19 results Monday, 5/13, and will hold a conference call at 12:00PM ET Tuesday, 5/14. The dial-in and conference ID numbers for CTEK’s earnings call are 888.220.8474 and 1751236, respectively. The company posted a top-line/adj. EPS/adj. EBITDA of $5.8M/$(0.09)/$(0.6)M versus our/consensus estimates of $5.8M/$(0.06)/$(0.2)M and $8.5M/$(0.01)/$0.5M, respectively. We believe the top-line miss relative to consensus was primarily due to one analyst not accounting for CTEK’s former managed print services (MPS) business as discontinued operations. Recall, CTEK sold its MPS business to during 1Q19.”

According to TipRanks.com, D’silva is a 4-star analyst with an average return of 6.3% and a 39.4% success rate. D’silva covers the Healthcare sector, focusing on stocks such as EyePoint Pharmaceuticals Inc, Sensus Healthcare Inc, and Anixa Biosciences Inc.

Cynergistek Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7.25.

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