Analysts have been eager to weigh in on the Technology sector with new ratings on Alliance Data Systems (ADS), SAP AG (SAP) and Sify Technologies Limited (SIFY).
Alliance Data Systems (ADS)
In a report issued on April 14, Georgios Mihalos from Cowen & Co. maintained a Hold rating on Alliance Data Systems, with a price target of $170. The company’s shares closed yesterday at $163.53.
According to TipRanks.com, Mihalos is a top 100 analyst with an average return of 20.7% and a 87.7% success rate. Mihalos covers the Technology sector, focusing on stocks such as Global Payments Inc, Paypal Holdings, and Fiserv.
Currently, the analyst consensus on Alliance Data Systems is a Moderate Buy with an average price target of $188.10, implying a 15.0% upside from current levels. In a report issued on April 1, Buckingham also maintained a Hold rating on the stock with a $190 price target.
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SAP AG (SAP)
Cowen & Co. analyst Derrick Wood maintained a Hold rating on SAP AG on April 15 and set a price target of $110. The company’s shares closed yesterday at $111.20.
According to TipRanks.com, Wood is a top 100 analyst with an average return of 28.9% and a 76.5% success rate. Wood covers the Technology sector, focusing on stocks such as Rimini Street Inc, New Relic Inc, and Workday Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SAP AG with a $125 average price target.
Sify Technologies Limited (SIFY)
In a report released today, Allen Klee from Maxim Group maintained a Buy rating on Sify Technologies Limited, with a price target of $4. The company’s shares closed yesterday at $1.58.
Klee wrote:
“We expect F4Q19 results – due Monday, 4/22 – to support our thesis that Sify is well positioned for above average growth as an Information and Communication Telecom Solutions provider levered to attractive India market.”
According to TipRanks.com, Klee is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -12.8% and a 31.1% success rate. Klee covers the Technology sector, focusing on stocks such as Dolphin Entertainment Inc, Atlantic Tele-Network, and Net 1 Ueps.
Currently, the analyst consensus on Sify Technologies Limited is a Moderate Buy with an average price target of $4.
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