Analysts Are Bullish on These Technology Stocks: RingCentral (RNG), Rapid7 (RPD)


There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on RingCentral (NYSE:RNG) and Rapid7 (NASDAQ:RPD) with bullish sentiments.

RingCentral (RNG)

Northland Securities analyst Michael Latimore reiterated a Buy rating on RingCentral today and set a price target of $95. The company’s shares closed yesterday at $81.40, close to its 52-week high of $83.95.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 14.4% and a 61.5% success rate. Latimore covers the Technology sector, focusing on stocks such as The Meet Group Inc, Vonage Holdings, and Everbridge Inc.

RingCentral has an analyst consensus of Strong Buy, with a price target consensus of $89.33, representing a 9.7% upside. In a report released today, Jefferies also reiterated a Buy rating on the stock with a $97 price target.

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See today’s analyst top recommended stocks >>

Rapid7 (RPD)

Northland Securities analyst Robert Breza reiterated a Buy rating on Rapid7 today and set a price target of $35. The company’s shares closed yesterday at $29.91.

According to TipRanks.com, Breza is a 4-star analyst with an average return of 10.4% and a 59.2% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, Workday Inc, and MINDBODY.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rapid7 with a $37 average price target, which is a 23.7% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a $40 price target.

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