Analysts have been eager to weigh in on the Technology sector with new ratings on Advanced Micro Devices (AMD), SS&C Technologies Holdings (SSNC) and Shopify (SHOP).
Advanced Micro Devices (AMD)
Cowen & Co. analyst Matt Ramsay maintained a Buy rating on Advanced Micro Devices today and set a price target of $36. The company’s shares opened today at $26.81.
According to TipRanks.com, Ramsay is a top 100 analyst with an average return of 24.7% and a 67.4% success rate. Ramsay covers the Consumer Goods sector, focusing on stocks such as Infineon Technologies AG, Stmicroelectronics NV, and Maxim Integrated.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $29.63 average price target, implying a 10.5% upside from current levels. In a report issued on April 23, Jefferies also reiterated a Buy rating on the stock with a $34 price target.
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SS&C Technologies Holdings (SSNC)
In a report released today, Mayank Tandon from Needham maintained a Buy rating on SS&C Technologies Holdings, with a price target of $77. The company’s shares opened today at $59.84.
According to TipRanks.com, Tandon is a 5-star analyst with an average return of 18.9% and a 67.9% success rate. Tandon covers the Technology sector, focusing on stocks such as Euronet Worldwide, Epam Systems Inc, and Q2 Holdings Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SS&C Technologies Holdings with a $72.43 average price target, implying a 21.0% upside from current levels. In a report issued on April 17, D.A. Davidson also maintained a Buy rating on the stock with a $75 price target.
Shopify (SHOP)
Barclays analyst Deepak Mathivanan maintained a Hold rating on Shopify today and set a price target of $225. The company’s shares opened today at $245.16, close to its 52-week high of $252.30.
According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 22.3% and a 72.2% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Wix.com Ltd, and Yelp Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shopify with a $233.41 average price target, implying a -4.8% downside from current levels. In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.
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