There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Magic Software Enterprises Ltd (MGIC) and AT&T Inc (T) with bullish sentiments.
Magic Software Enterprises Ltd (MGIC)
H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Magic Software Enterprises Ltd today and set a price target of $10. The company’s shares closed yesterday at $8.71.
According to TipRanks.com, Dede has 0 stars on 0-5 star ranking scale with an average return of -9.8% and a 37.9% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, Microvision, and SuperCom.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magic Software Enterprises Ltd with a $11 average price target, implying a 26.3% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $11 price target.
See today’s analyst top recommended stocks >>
AT&T Inc (T)
Oppenheimer analyst Timothy Horan maintained a Buy rating on AT&T Inc today. The company’s shares closed yesterday at $29.98.
According to TipRanks.com, Horan is a top 100 analyst with an average return of 15.4% and a 72.3% success rate. Horan covers the Technology sector, focusing on stocks such as Boingo Wireless Inc, Zayo Group Holdings, and Limelight Networks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for AT&T Inc with a $35.67 average price target, representing a 19.0% upside. In a report issued on February 26, Tigress Financial also reiterated a Buy rating on the stock.
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.
