Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Paylocity (PCTY), Carbonite Inc (CARB) and Liveperson (LPSN).
Paylocity (PCTY)
In a report released today, Robert Breza from Northland Securities maintained a Buy rating on Paylocity, with a price target of $110. The company’s shares closed yesterday at $95.94, close to its 52-week high of $97.97.
According to TipRanks.com, Breza is a 5-star analyst with an average return of 13.3% and a 62.2% success rate. Breza covers the Technology sector, focusing on stocks such as Coupa Software Inc, MobileIron, Inc., and Salesforce.com.
Paylocity has an analyst consensus of Moderate Buy, with a price target consensus of $90.44, a -5.7% downside from current levels. In a report issued on April 23, JMP Securities also maintained a Buy rating on the stock with a $95 price target.
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Carbonite Inc (CARB)
In a report released today, Tim Klasell from Northland Securities maintained a Hold rating on Carbonite Inc, with a price target of $35. The company’s shares closed yesterday at $24.58, close to its 52-week low of $21.84.
According to TipRanks.com, Klasell is a 5-star analyst with an average return of 20.3% and a 71.8% success rate. Klasell covers the Technology sector, focusing on stocks such as Tyler Technologies, Zix Corporation, and Proofpoint Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carbonite Inc with a $35.43 average price target.
Liveperson (LPSN)
In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Liveperson, with a price target of $33. The company’s shares closed yesterday at $29.92, close to its 52-week high of $30.28.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.8% and a 59.3% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Brightcove Inc, and Everbridge Inc.
Currently, the analyst consensus on Liveperson is a Strong Buy with an average price target of $33.60, which is a 12.3% upside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $33 price target.
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