Analysts Offer Insights on Technology Companies: Uber Technologies (UBER), KLA (KLAC) and Viavi Solutions (VIAV)

Analysts have been eager to weigh in on the Technology sector with new ratings on Uber Technologies (UBER – Research Report), KLA (KLAC – Research Report) and Viavi Solutions (VIAV – Research Report).

Uber Technologies (UBER)

Bank of America Securities analyst Justin Post maintained a Buy rating on Uber Technologies on January 28 and set a price target of $93.00. The company’s shares closed last Thursday at $66.59.

According to TipRanks.com, Post is a top 25 analyst with an average return of 23.5% and a 68.6% success rate. Post covers the NA sector, focusing on stocks such as Booking Holdings, Maplebear, and Expedia.

Currently, the analyst consensus on Uber Technologies is a Strong Buy with an average price target of $90.88, implying a 43.3% upside from current levels. In a report issued on January 13, Bernstein also maintained a Buy rating on the stock with a $95.00 price target.

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KLA (KLAC)

In a report released today, Harlan Sur from J.P. Morgan reiterated a Buy rating on KLA, with a price target of $950.00. The company’s shares closed last Thursday at $742.43.

According to TipRanks.com, Sur is a top 100 analyst with an average return of 25.5% and a 66.3% success rate. Sur covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, NXP Semiconductors, and Applied Materials.

Currently, the analyst consensus on KLA is a Moderate Buy with an average price target of $807.60, which is a 10.4% upside from current levels. In a report issued on January 16, Berenberg Bank also maintained a Buy rating on the stock with a $880.00 price target.

Viavi Solutions (VIAV)

In a report released today, Michael Genovese from Rosenblatt Securities maintained a Hold rating on Viavi Solutions, with a price target of $14.00. The company’s shares closed last Thursday at $9.99.

According to TipRanks.com, Genovese is a 4-star analyst with an average return of 10.3% and a 51.1% success rate. Genovese covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Extreme Networks, and Cisco Systems.

Currently, the analyst consensus on Viavi Solutions is a Hold with an average price target of $11.60.

Read More on UBER:

• FTC Probes UBER and LYFT Over Potential Antitrust Violations
• Uber has to use M&A to acquire AV technology, says JMP Securities
• Avride, Grubhub to bring delivery robots to U.S. college campuses
• American Air flight crashes in D.C., Microsoft reports Q2 beat: Morning Buzz
• FTC probing Uber, Lyft over NYC driver pay, Bloomberg reports