Potential Upside for Tigo Energy, Heritage Global, Paylocity, IAC, Broadcom, and PDD Holdings According to Analysts
- May 31st, 2023
- 615 views
Tigo Energy, Inc. (Nasdaq: TYGO), a company specializing in energy management solutions for solar installations, was initiated with an Outperform rating and a price target of $20 by Northland Capital Markets.
On Tuesday, $TYGO closed at $10.65, representing a potential upside of $9.35 or 87.82% based on the brokerage firm's view.
Heritage Global Inc. (Nasdaq: HGBL), a diversified financial services company that offers asset advisory and auction services, received an initiation with a Buy rating and a price target of $6 from Craig-Hallum.
With a closing price of $3.74 on Tuesday, $HGBL presents a potential upside of $2.26 or 60.43% according to the investment firm's assessment.
Paylocity Holding Corporation (Nasdaq: PCTY), a provider of cloud-based payroll and human capital management software solutions for businesses, was initiated with an Equal-Weight rating and a price target of $199 by Barclays.
Closing at $172.13 on Tuesday, $PCTY shows a potential upside of $26.87 or 15.61% based on the analysis provided by the firm.
IAC Inc. (Nasdaq: IAC), a holding company that operates various online media and marketplace brands, including Vimeo, Dotdash, and Investopedia, had its Overweight rating maintained, and the price target was raised from $65 to $72 by Keybanc.
With a closing price of $55.18 on Tuesday, $IAC has a potential upside of $16.82 or 30.44% as per the analysts' view.
Broadcom Inc. (Nasdaq: AVGO), a global technology company that designs and develops a wide range of semiconductor and infrastructure software solutions, also had its Overweight rating maintained, and the price target was increased from $720 to $820 by Keybanc.
Closing at $803.34 on Tuesday, $AVGO exhibits a potential upside of $16.66 or 2.07% based on the updated price target.
PDD Holdings Inc. (Nasdaq: PDD), a Chinese e-commerce platform specializing in social media-driven online shopping, received a Buy rating maintenance, and the price target was raised from $100 to $105 by Citigroup.
With a closing price of $67.63 on Tuesday, $PDD indicates a potential upside of $37.37 or 55.27% according to the analysts' assessment.
It's important to note that these price targets and potential upside figures are based on the analysis and views of the respective firms and analysts mentioned. Investors should exercise their own judgment, conduct thorough research, and consider multiple factors before making any investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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