Analysts have been eager to weigh in on the Technology sector with new ratings on DocuSign Inc (DOCU) and Oracle Corp (ORCL).
DocuSign Inc (DOCU)
In a report released today, Jennifer Redding from Wedbush maintained a Hold rating on DocuSign Inc, with a price target of $59. The company’s shares closed yesterday at $58.85.
According to TipRanks.com, Redding is a 2-star analyst with an average return of 2.8% and a 50.0% success rate. Redding covers the Services sector, focusing on stocks such as Abercrombie Fitch, Burlington Stores, and Children’s Place.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for DocuSign Inc with a $61.20 average price target.
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Oracle Corp (ORCL)
Raymond James analyst Michael Turits maintained a Buy rating on Oracle Corp today and set a price target of $57. The company’s shares closed yesterday at $53.05, close to its 52-week high of $53.47.
According to TipRanks.com, Turits is a top 25 analyst with an average return of 26.7% and a 79.4% success rate. Turits covers the Technology sector, focusing on stocks such as Limelight Networks, Carbon Black Inc, and New Relic Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Oracle Corp with a $54.38 average price target, implying a 2.5% upside from current levels. In a report issued on March 11, Credit Suisse also maintained a Buy rating on the stock with a $60 price target.
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