Analysts’ Opinions Are Mixed on These Technology Stocks: Lyft (LYFT), RingCentral (RNG) and nLIGHT (LASR)
Publish Date: 2026-05-09 13:12:00
Source Domain: www.theglobeandmail.com
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Lyft (LYFT), RingCentral (RNG) and nLIGHT (LASR).
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Lyft (LYFT)
In a report released today, Mark Mahaney from Evercore ISI maintained a Hold rating on Lyft, with a price target of $21.00. The company’s shares closed last Friday at $14.42.
According to TipRanks.com, Mahaney is a 5-star analyst with an average return of 10.1% and a 53.4% success rate. Mahaney covers the Technology sector, focusing on stocks such as WEBTOON Entertainment Inc, ODDITY Tech Ltd. Class A, and Ibotta, Inc. Class A. ;’
Currently, the analyst consensus on Lyft is a Hold with an average price target of $18.39, which is a 30.3% upside from current levels. In a report released today, UBS also maintained a Hold rating on the stock with a $16.00 price target.
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RingCentral (RNG)
Evercore ISI analyst Peter Levine maintained a Hold rating on RingCentral today and set a price target of $30.00. The company’s shares closed last Friday at $43.06.
According to TipRanks.com, Levine is a 4-star analyst with an average return of 6.8% and a 49.2% success rate. Levine covers the Technology sector, focusing on stocks such as Zoom Video Communications, CrowdStrike Holdings, and Palo Alto Networks. ;’
RingCentral has an analyst consensus of Moderate Buy, with a price target consensus of $41.90, a -6.1% downside from current levels. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a $33.00 price target.
nLIGHT (LASR)
William Blair analyst Louie DiPalma maintained a Buy rating on nLIGHT today. The company’s shares closed last Friday at $72.98.
According to TipRanks.com, DiPalma is a 4-star analyst with an average return of 10.5% and a 51.9% success rate. DiPalma covers the Technology sector, focusing on stocks such as Palantir Technologies, Science Applications, and Motorola Solutions. ;’
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