There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Global Payments Inc (NYSE:GPN) and GoDaddy (NYSE:GDDY) with bullish sentiments.
Global Payments Inc (GPN)
Piper Jaffray analyst Jason Deleeuw reiterated a Buy rating on Global Payments Inc yesterday and set a price target of $135. The company’s shares closed yesterday at $119.18, close to its 52-week high of $121.
According to TipRanks.com, Deleeuw is a 4-star analyst with an average return of 10.1% and a 66.4% success rate. Deleeuw covers the Financial sector, focusing on stocks such as Cannae Holdings Inc, American Express, and Visa Inc.
Currently, the analyst consensus on Global Payments Inc is a Strong Buy with an average price target of $135.55, implying a 13.7% upside from current levels. In a report issued on July 18, Oppenheimer also reiterated a Buy rating on the stock with a $130 price target.
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GoDaddy (GDDY)
Piper Jaffray analyst Michael Olson reiterated a Buy rating on GoDaddy today and set a price target of $91. The company’s shares closed yesterday at $76.55, close to its 52-week high of $80.42.
According to TipRanks.com, Olson is a top 100 analyst with an average return of 20.8% and a 66.3% success rate. Olson covers the Services sector, focusing on stocks such as Booking Holdings Inc, TripAdvisor Inc, and Expedia.
Currently, the analyst consensus on GoDaddy is a Strong Buy with an average price target of $84.09, implying a 9.8% upside from current levels. In a report issued on July 23, Barclays also reiterated a Buy rating on the stock with a $84 price target.
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