There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Ansys (ANSS), Tableau (DATA) and Bottomline Technologies (EPAY) with bullish sentiments.
Ansys (ANSS)
Benchmark Co. analyst Mark Schappel maintained a Buy rating on Ansys today and set a price target of $210. The company’s shares opened today at $192.49, close to its 52-week high of $197.05.
According to TipRanks.com, Schappel is a 5-star analyst with an average return of 20.6% and a 68.0% success rate. Schappel covers the Technology sector, focusing on stocks such as Mitek Systems Inc, Aspen Technology, and Varonis Systems.
Ansys has an analyst consensus of Moderate Buy, with a price target consensus of $195.50, representing a 1.6% upside. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $210 price target.
See today’s analyst top recommended stocks >>
Tableau (DATA)
Needham analyst Jack Andrews maintained a Buy rating on Tableau today and set a price target of $156. The company’s shares opened today at $125.81.
According to TipRanks.com, Andrews is a 5-star analyst with an average return of 23.4% and a 66.4% success rate. Andrews covers the Technology sector, focusing on stocks such as Attunity Ltd, Cloudera Inc, and Nutanix Inc.
Currently, the analyst consensus on Tableau is a Moderate Buy with an average price target of $141.13, representing a 12.2% upside. In a report released today, Citigroup also maintained a Buy rating on the stock with a $156 price target.
Bottomline Technologies (EPAY)
Needham analyst Mayank Tandon maintained a Buy rating on Bottomline Technologies today and set a price target of $57. The company’s shares opened today at $45.39, close to its 52-week low of $39.76.
According to TipRanks.com, Tandon is a 5-star analyst with an average return of 18.2% and a 67.4% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Euronet Worldwide, and Epam Systems Inc.
Bottomline Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $57.50, a 26.7% upside from current levels. In a report issued on April 29, Barrington also maintained a Buy rating on the stock with a $62.50 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
