There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on IAC/InterActiveCorp (NASDAQ:IAC), Upland Software (NASDAQ:UPLD) and Cloudera Inc (NYSE:CLDR) with bullish sentiments.
IAC/InterActiveCorp (IAC)
In a report released today, Brent Thill from Jefferies maintained a Buy rating on IAC/InterActiveCorp, with a price target of $260. The company’s shares closed yesterday at $212.31, close to its 52-week high of $223.54.
According to TipRanks.com, Thill is a top 100 analyst with an average return of 19.9% and a 75.1% success rate. Thill covers the Technology sector, focusing on stocks such as Match Group Inc, Alphabet Inc, and Wix.com Ltd.
Currently, the analyst consensus on IAC/InterActiveCorp is a Strong Buy with an average price target of $235.60, which is a 11.0% upside from current levels. In a report issued on September 26, UBS also reiterated a Buy rating on the stock with a $265 price target.
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Upland Software (UPLD)
In a report released today, Brian Peterson from Raymond James maintained a Buy rating on Upland Software, with a price target of $42. The company’s shares closed yesterday at $34.32.
According to TipRanks.com, Peterson is a top 25 analyst with an average return of 36.8% and a 81.0% success rate. Peterson covers the Technology sector, focusing on stocks such as Coupa Software Inc, Instructure Inc, and Salesforce.com.
Currently, the analyst consensus on Upland Software is a Strong Buy with an average price target of $41, representing a 19.5% upside. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $40 price target.
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Cloudera Inc (CLDR)
In a report released today, Michael Turits from Raymond James maintained a Buy rating on Cloudera Inc, with a price target of $24. The company’s shares closed yesterday at $17.08.
According to TipRanks.com, Turits is a top 100 analyst with an average return of 25.4% and a 79.4% success rate. Turits covers the Technology sector, focusing on stocks such as Oracle Corp, ServiceNow, and Microsoft.
Currently, the analyst consensus on Cloudera Inc is a Moderate Buy with an average price target of $21.71, which is a 27.1% upside from current levels. In a report released today, Nomura also upgraded the stock to Buy with a $23 price target.
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