Analysts have been eager to weigh in on the Technology sector with new ratings on Square Inc (NYSE:SQ) and Sprint Corp (NYSE:S).
Square Inc (SQ)
Guggenheim analyst Jeff Cantwell reiterated a Buy rating on Square Inc today and set a price target of $75. The company’s shares opened today at $65.25, close to its 52-week high of $73.19.
According to TipRanks.com, Cantwell is a 4-star analyst with an average return of 12.3% and a 67.5% success rate. Cantwell covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, American Express, and LendingClub Corp.
Currently, the analyst consensus on Square Inc is a Moderate Buy with an average price target of $71.36, which is a 9.4% upside from current levels. In a report issued on July 19, Credit Suisse also upgraded the stock to Buy with a $81 price target.
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Sprint Corp (S)
Guggenheim analyst Mike McCormack reiterated a Hold rating on Sprint Corp today and set a price target of $5.30. The company’s shares opened today at $5.36, close to its 52-week low of $4.81.
According to TipRanks.com, McCormack is a 5-star analyst with an average return of 12.7% and a 76.8% success rate. McCormack covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, GTT Communications, and AT&T Inc.
Sprint Corp has an analyst consensus of Hold, with a price target consensus of $6.08.
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