Analysts Have Conflicting Sentiments on These Technology Companies: Nextdc Limited (OtherNXDCF) and Backblaze (BLZE)

Analysts have been eager to weigh in on the Technology sector with new ratings on Nextdc Limited (NXDCF) and Backblaze (BLZE).

Nextdc Limited (NXDCF)

UBS analyst Tim Plumbe maintained a Buy rating on Nextdc Limited today and set a price target of A$23.45. The company’s shares closed last Tuesday at $9.30, close to its 52-week low of $8.88.

According to TipRanks.com, Plumbe is a 1-star analyst with an average return of -0.5% and a 41.5% success rate. Plumbe covers the NA sector, focusing on stocks such as Flight Centre Travel Group Limited, WEB Travel Group, and ARB Corporation.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nextdc Limited with a $14.25 average price target, which is a 53.3% upside from current levels. In a report issued on August 27, Citi also maintained a Buy rating on the stock with a A$19.10 price target.