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.
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.