There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Facebook (NASDAQ:FB), ServiceNow (NYSE:NOW) and First Data Corp (NYSE:FDC) with bullish sentiments.
Facebook (FB)
Monness analyst Brian White assigned a Buy rating to Facebook today and set a price target of $225. The company’s shares closed yesterday at $208.09, close to its 52-week high of $210.99.
According to TipRanks.com, White is a 5-star analyst with an average return of 16.9% and a 68.7% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
Currently, the analyst consensus on Facebook is a Strong Buy with an average price target of $235.89, a 13.4% upside from current levels. In a report issued on July 9, J.P. Morgan also initiated coverage with a Buy rating on the stock with a $242 price target.
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ServiceNow (NOW)
In a report released today, Alex Zukin from Piper Jaffray reiterated a Buy rating on ServiceNow, with a price target of $210. The company’s shares closed yesterday at $190.04, close to its 52-week high of $194.81.
According to TipRanks.com, Zukin is a top 100 analyst with an average return of 26.0% and a 79.3% success rate. Zukin covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Cornerstone Ondemand, and Tyler Technologies.
Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $187.38.
First Data Corp (FDC)
In a report released today, Josh Beck from KeyBanc maintained a Buy rating on First Data Corp, with a price target of $28. The company’s shares closed yesterday at $22.60, close to its 52-week high of $22.84.
According to TipRanks.com, Beck is a 5-star analyst with an average return of 28.7% and a 81.0% success rate. Beck covers the Technology sector, focusing on stocks such as Total System Services, Paypal Holdings, and Square Inc.
Currently, the analyst consensus on First Data Corp is a Strong Buy with an average price target of $24.28, which is a 7.4% upside from current levels. In a report issued on July 12, Stephens also reiterated a Buy rating on the stock with a $26 price target.
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