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Piper Sandler Analyst Reiterates Hold Rating on Sumo Logic, SUMO


Rob Owens
analyst at Piper Sandler reiterates coverage on Sumo Logic (SUMO) in the Technology sector with a Hold rating. TipRanks.com has Owens rated as a 4.9 star analyst with a 68% return on investment and a 28.6% success rate. Owens has set a price target of $16.

TipRanks.com reports that Sumo Logic currently has 9 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $21.71. The target pricing ranges from a high forecast of $27.00 down to a low forecast of $16.00. Sumo Logic (SUMO)’s last closing price was $15.22 which would put the average price target at 21.71% upside.

In addition, Barchart.com has a Strong sell rating and Yahoo! Finance has a short-term outlook. Remember, securities are volatile, so please do your own research on SUMO.

Other analysts covering SUMO include:
  • Matthew Hedberg of RBC Capital issued a Buy rating with the price target of $22 on 21 hours ago
  • Sanjit Singh of Morgan Stanley issued a Hold rating with the price target of $20 on 21 hours ago
  • Blair Abernethy of Rosenblatt Securities issued a Buy rating with the price target of $27 on 21 hours ago
If you are interest in stocks like SUMO or stocks in the Technology sector, please click here.

TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>

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