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Analysts have been eager to weigh in on the Technology sector with new ratings on PTC Inc (NASDAQ: PTC) and Cloudera Inc (NYSE: CLDR).
PTC Inc (NASDAQ: PTC)
In a report released today, Steven Koenig from Wedbush maintained a Buy rating on PTC Inc (NASDAQ: PTC), with a price target of $102. The company’s shares closed yesterday at $86.46, close to its 52-week high of $89.45.
According to TipRanks.com, Koenig is a 5-star analyst with an average return of 15.3% and a 66.1% success rate. Koenig covers the Technology sector, focusing on stocks such as Progress Software Corp, Ultimate Software, and Aspen Technology.
PTC Inc has an analyst consensus of Strong Buy, with a price target consensus of $90.67.
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Cloudera Inc (NYSE: CLDR)
In a report released today, Rishi Jaluria from D.A. Davidson maintained a Hold rating on Cloudera Inc (NYSE: CLDR), with a price target of $15. The company’s shares closed yesterday at $16.03.
According to TipRanks.com, Jaluria is a 3-star analyst with an average return of 12.5% and a 65.2% success rate. Jaluria covers the Technology sector, focusing on stocks such as Pegasystems Inc, Varonis Systems, and Hortonworks.
Currently, the analyst consensus on Cloudera Inc is Moderate Buy and the average price target is $18.13, representing a 13.1% upside.
In a report released yesterday, Monness also maintained a Hold rating on the stock.
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