There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Verint Systems Inc (VRNT) and Cardlytics Inc (CDLX) with bullish sentiments.
Verint Systems Inc (VRNT)
In a report released yesterday, Daniel Ives from Wedbush maintained a Buy rating on Verint Systems Inc, with a price target of $58. The company’s shares closed yesterday at $44.53.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 3.8% and a 55.0% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Tenable Holdings Inc, and Pivotal Software Inc.
Currently, the analyst consensus on Verint Systems Inc is a Strong Buy with an average price target of $56.75, representing a 27.4% upside. In a report issued on January 10, Jefferies also initiated coverage with a Buy rating on the stock with a $53 price target.
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Cardlytics Inc (CDLX)
SunTrust Robinson analyst Youssef Squali maintained a Buy rating on Cardlytics Inc yesterday and set a price target of $27. The company’s shares closed yesterday at $15.
Squali said:
“We believe the biggest driver of this jump is the rollout of the service across JP Morgan Chase (JPM, $99.91, 12th, which has been actively pushing it to its mobile and email users (desktop has yet to be launched). We note that JPM has an aggregate credit and debit card holders of over 90M. We also noted on 12/13/18 that a Form 4 filing indicated MAUs were running ahead of estimates surpassing 85M for a month intra- quarter. Recall, Cardlytics reports an average for the entire quarter and JPM started rolling out midway through the period.”
According to TipRanks.com, Squali is a top 100 analyst with an average return of 17.5% and a 63.1% success rate. Squali covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.
Cardlytics Inc has an analyst consensus of Strong Buy, with a price target consensus of $24.33.
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