There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Red Robin Gourmet (RRGB) and Payment Data Systems Inc (PYDS) with bullish sentiments.
Red Robin Gourmet (RRGB)
Maxim Group analyst Stephen Anderson maintained a Buy rating on Red Robin Gourmet today and set a price target of $46. The company’s shares closed on Friday at $33.13.
Anderson noted:
“We maintain our Buy rating and $46 price target on Red Robin Gourmet Burgers (RRGB) ahead of the release of 4Q18 (December) results on Tuesday, February 26 after the close.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 11.0% and a 68.6% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Currently, the analyst consensus on Red Robin Gourmet is a Moderate Buy with an average price target of $40.
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Payment Data Systems Inc (PYDS)
Maxim Group analyst Michael Diana reiterated a Buy rating on Payment Data Systems Inc today and set a price target of $4.50. The company’s shares closed on Friday at $3.05.
Diana noted:
“In the past few weeks, PYDS has announced: 1) it will post record annual revenue for 2018 (based on a 19% increase in total dollars processed); 4Q18 and full year results are expected in late March, 2) it recently added eight new customers/partners for its Payment Facilitator (PayFac) business, and 3) it just completed a $2M equity raise.”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.6% and a 60.7% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Westamerica Bancorporation, and Pennantpark Floating Rate.
Payment Data Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $5.
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