There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Liberty Broadband Corp (NASDAQ: LBRDA) and Paylocity (NASDAQ: PCTY) with bullish sentiments.
Liberty Broadband Corp (NASDAQ: LBRDA)
In a report released today, Matthew Harrigan from Buckingham maintained a Buy rating on Liberty Broadband Corp (NASDAQ: LBRDA), with a price target of $114. The company’s shares closed on Friday at $72.10, close to its 52-week low of $68.20.
According to TipRanks.com, Harrigan is a 4-star analyst with an average return of 6.4% and a 62.9% success rate. Harrigan covers the Services sector, focusing on stocks such as Charter Communications, Sirius XM Holdings Inc, and Altice Usa Inc.
Liberty Broadband Corp has an analyst consensus of Moderate Buy, with a price target consensus of $124.
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Paylocity (NASDAQ: PCTY)
Robert W. Baird analyst Mark Marcon maintained a Buy rating on Paylocity (NASDAQ: PCTY) today and set a price target of $60. The company’s shares closed on Friday at $57.99, close to its 52-week high of $60.55.
According to TipRanks.com, Marcon is a 5-star analyst with an average return of 25.2% and a 84.4% success rate. Marcon covers the Services sector, focusing on stocks such as AMN Healthcare Services Inc, Korn/Ferry International, and Resources Connection.
Currently, the analyst consensus on Paylocity is Moderate Buy and the average price target is $59, representing a 1.7% upside.
In a report issued on May 4, Stifel Nicolaus also maintained a Buy rating on the stock with a $59 price target.
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