There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Global Payments Inc (NYSE:GPN) and GoDaddy (NYSE:GDDY) with bullish sentiments.
Global Payments Inc (GPN)
In a report released yesterday, Daniel Perlin from RBC Capital reiterated a Buy rating on Global Payments Inc, with a price target of $130. The company’s shares closed yesterday at $119.18, close to its 52-week high of $121.
According to TipRanks.com, Perlin is a top 100 analyst with an average return of 27.9% and a 85.6% success rate. Perlin covers the Technology sector, focusing on stocks such as DXC Technology Company, Total System Services, and Paypal Holdings.
Currently, the analyst consensus on Global Payments Inc is a Strong Buy with an average price target of $134.56, a 12.9% upside from current levels. In a report issued on July 18, Oppenheimer also reiterated a Buy rating on the stock with a $130 price target.
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GoDaddy (GDDY)
RBC Capital analyst Mark Mahaney reiterated a Buy rating on GoDaddy yesterday and set a price target of $81. The company’s shares closed yesterday at $76.55, close to its 52-week high of $80.42.
According to TipRanks.com, Mahaney is a top 25 analyst with an average return of 26.8% and a 72.9% success rate. Mahaney covers the Technology sector, focusing on stocks such as Alphabet Inc, Wix.com Ltd, and Dropbox Inc.
Currently, the analyst consensus on GoDaddy is a Strong Buy with an average price target of $82.33, representing a 7.6% upside. In a report issued on July 20, Piper Jaffray also reiterated a Buy rating on the stock with a $90 price target.
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