Analysts’ Top Technology Picks: GLUU, SPSC

By Jason Carr

Analysts fell to the sidelines weighing in on Glu Mobile (NASDAQ: GLUU) and SPS Commerce (NASDAQ: SPSC) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Glu Mobile (NASDAQ: GLUU)

Canaccord Genuity analyst Michael Graham reiterated a Hold rating on Glu Mobile (NASDAQ: GLUU) yesterday and set a price target of $3. The company’s shares closed yesterday at $2.66.

According to TipRanks.com, Graham is a 5-star analyst with an average return of 12.5% and a 58.3% success rate. Graham covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, The Meet Group Inc, and Spark Networks Plc.

Glu Mobile has an analyst consensus of Moderate Buy, with a price target consensus of $3.14.

SPS Commerce (NASDAQ: SPSC)

In a report released yesterday, David Hynes from Canaccord Genuity reiterated a Hold rating on SPS Commerce (NASDAQ: SPSC), with a price target of $65. The company’s shares closed yesterday at $58.26.

According to TipRanks.com, Hynes is a top 100 analyst with an average return of 28.8% and a 72.7% success rate. Hynes covers the Technology sector, focusing on stocks such as Nuance Communications, Medidata Solutions, and Ultimate Software.

SPS Commerce has an analyst consensus of Moderate Buy, with a price target consensus of $61.67.

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