There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on Fleetcor Technologies (FLT), Expedia (EXPE) and Tapestry Inc (TPR) with bullish sentiments.
Fleetcor Technologies (FLT)
Barclays analyst Ramsey El Assal maintained a Buy rating on Fleetcor Technologies on February 8 and set a price target of $253. The company’s shares closed on Friday at $217.24.
According to TipRanks.com, Assal is a 5-star analyst with an average return of 23.9% and a 79.3% success rate. Assal covers the Technology sector, focusing on stocks such as Global Payments Inc, Paypal Holdings, and First Data Corp.
Currently, the analyst consensus on Fleetcor Technologies is a Moderate Buy with an average price target of $231.83, representing a 6.7% upside. In a report issued on February 6, Oppenheimer also reiterated a Buy rating on the stock with a $244 price target.
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Expedia (EXPE)
Barclays analyst Deepak Mathivanan maintained a Buy rating on Expedia on February 8 and set a price target of $155. The company’s shares closed on Friday at $130.80.
Mathivanan has an average return of 9.7% when recommending Expedia.
According to TipRanks.com, Mathivanan is ranked #360 out of 5140 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Expedia with a $151.95 average price target, a 16.2% upside from current levels. In a report issued on January 24, SunTrust Robinson also maintained a Buy rating on the stock with a $180 price target.
Tapestry Inc (TPR)
In a report issued on February 8, Chethan Mallela from Barclays maintained a Buy rating on Tapestry Inc, with a price target of $41. The company’s shares closed on Friday at $33.86, close to its 52-week low of $31.91.
According to TipRanks.com, Mallela is ranked 0 out of 5 stars with an average return of -10.1% and a 32.4% success rate. Mallela covers the Services sector, focusing on stocks such as Ralph Lauren Corp, Burlington Stores, and TJX Companies.
Currently, the analyst consensus on Tapestry Inc is a Strong Buy with an average price target of $43.53, implying a 28.6% upside from current levels. In a report issued on January 25, Wolfe Research also upgraded the stock to Buy with a $45 price target.
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