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Analysts have been eager to weigh in on the Technology sector with new ratings on Asure (NASDAQ: ASUR), Synacor Inc (NASDAQ: SYNC) and Upland Software (NASDAQ: UPLD).
Asure (NASDAQ: ASUR)
In a report released yesterday, David Hynes from Canaccord Genuity maintained a Buy rating on Asure (NASDAQ: ASUR), with a price target of $21. The company’s shares opened today at $19.06, close to its 52-week high of $19.31.
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 31.4% and a 76.0% success rate. Hynes covers the Technology sector, focusing on stocks such as Nuance Communications, Aspen Technology, and SPS Commerce.
Currently, the analyst consensus on Asure is Strong Buy and the average price target is $20, representing a 4.9% upside.
In a report issued on May 8, Barrington also maintained a Buy rating on the stock with a $20 price target.
See today’s analyst top recommended stocks >>
Synacor Inc (NASDAQ: SYNC)
Canaccord Genuity analyst Michael Graham maintained a Hold rating on Synacor Inc (NASDAQ: SYNC) yesterday and set a price target of $3. The company’s shares opened today at $2.
According to TipRanks.com, Graham is a top 100 analyst with an average return of 18.1% and a 64.0% success rate. Graham covers the Technology sector, focusing on stocks such as The Meet Group Inc, Paypal Holdings, and Facebook Inc.
Synacor Inc has an analyst consensus of Moderate Buy, with a price target consensus of $3.88.
Upland Software (NASDAQ: UPLD)
Canaccord Genuity analyst Richard Davis maintained a Buy rating on Upland Software (NASDAQ: UPLD) yesterday and set a price target of $35. The company’s shares opened today at $31.60, close to its 52-week high of $33.56.
Davis observed:
“Perhaps it was because this analyst was trundling between investor meetings in Canada that this analogy came to mind. Obviously, comparing Upland to a company that is almost 3x older and has a market cap 30x larger is jumping the gun a bit, but the point is that Upland is running a similar acquire and optimize business model and both firms operate in a target rich environment. The reality is that for every Dropbox there are at least 100 companies that didn’t and won’t scale to $1+ billion in revenue. Upland operates in an interesting segment of the software world. Because the firm is an operating entity, Upland has a consolidation cost advantage over financial buyers other than perhaps Vista as that PE firm is quietly assembling operating companies from piece parts. Meanwhile, the large size of rollups Constellation and Oracle forces them to look for larger targets to move the needle.”
According to TipRanks.com, Davis is a top 25 analyst with an average return of 31.8% and a 78.6% success rate. Davis covers the Technology sector, focusing on stocks such as Altair Engineering Inc, Microsoft Corp, and Salesforce.com.
Upland Software has an analyst consensus of Strong Buy, with a price target consensus of $34.40.
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