Northland Securities analyst Nehal Chokshi maintained a Buy rating on Avid Technology (NASDAQ:AVID) on Wednesday, setting a price target of $32, which is approximately 40.23% above the present share price of $22.82.
Chokshi expects Avid Technology to post earnings per share (EPS) of $0.18 for the first quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Avid Technology, with an average price target of $22.38.
The analysts price targets range from a high of $32 to a low of $16.5.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $90.43 million and a net profit of $13.84 million. The company's market cap is $1.01 billion.
According to TipRanks.com, Northland Securities analyst Nehal Chokshi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.2% and a 63.44% success rate.
Avid Technology, Inc. engages in the provision of technology services for media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.