Analysts Have Conflicting Sentiments on These Technology Companies: WEX (WEX), Tencent (OtherTCEHY) and CyberArk Software (CYBR)


Analysts have been eager to weigh in on the Technology sector with new ratings on WEX (WEX), Tencent (TCEHY) and CyberArk Software (CYBR).

WEX (WEX)

Morgan Stanley analyst James Faucette maintained a Hold rating on WEX today and set a price target of $197. The company’s shares closed yesterday at $191.04.

According to TipRanks.com, Faucette is a 5-star analyst with an average return of 13.8% and a 81.7% success rate. Faucette covers the Consumer Goods sector, focusing on stocks such as BlackBerry Limited, Juniper Networks, and Arista Networks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for WEX with a $195.50 average price target.

See today’s analyst top recommended stocks >>

Tencent (TCEHY)

Barclays analyst Gregory Zhao maintained a Buy rating on Tencent today and set a price target of $54. The company’s shares closed yesterday at $46.90.

According to TipRanks.com, Zhao is a 3-star analyst with an average return of 3.8% and a 52.2% success rate. Zhao covers the Technology sector, focusing on stocks such as NetEase Inc, Baidu, and Weibo.

Currently, the analyst consensus on Tencent is a Moderate Buy with an average price target of $50, implying a 6.6% upside from current levels. In a report released today, Benchmark Co. also maintained a Buy rating on the stock.

CyberArk Software (CYBR)

Wedbush analyst Daniel Ives maintained a Buy rating on CyberArk Software today and set a price target of $140. The company’s shares closed yesterday at $117.58, close to its 52-week high of $117.98.

According to TipRanks.com, Ives is a 4-star analyst with an average return of 7.4% and a 62.4% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Pivotal Software Inc, and Verint Systems Inc.

Currently, the analyst consensus on CyberArk Software is a Strong Buy with an average price target of $116.50, which is a -0.9% downside from current levels. In a report issued on March 11, J.P. Morgan also maintained a Buy rating on the stock with a $122 price target.

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