Analysts Are Bullish on These Technology Stocks: Splunk Inc (SPLK), Veeva Systems (VEEV)


There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Splunk Inc (NASDAQ:SPLK) and Veeva Systems (NYSE:VEEV) with bullish sentiments.

Splunk Inc (SPLK)

Merrill Lynch analyst Kash Rangan maintained a Buy rating on Splunk Inc today and set a price target of $135. The company’s shares closed yesterday at $102.95.

According to TipRanks.com, Rangan is a 5-star analyst with an average return of 13.5% and a 66.4% success rate. Rangan covers the Technology sector, focusing on stocks such as Salesforce.com, Microsoft, and VMware.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Splunk Inc with a $125.89 average price target.

See today’s analyst top recommended stocks >>

Veeva Systems (VEEV)

In a report released today, Stan Zlotsky from Morgan Stanley maintained a Buy rating on Veeva Systems, with a price target of $91. The company’s shares closed yesterday at $82.76, close to its 52-week high of $85.97.

Zlotsky has an average return of 44.3% when recommending Veeva Systems.

According to TipRanks.com, Zlotsky is ranked #720 out of 4850 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Veeva Systems with a $86.43 average price target.

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