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There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Q2 Holdings (NYSE: QTWO) and Paylocity (NASDAQ: PCTY) with bullish sentiments.
Q2 Holdings (NYSE: QTWO)
In a report released today, Tom Roderick from Stifel Nicolaus maintained a Buy rating on Q2 Holdings (NYSE: QTWO), with a price target of $59. The company’s shares closed yesterday at $55.20, close to its 52-week high of $55.35.
According to TipRanks.com, Roderick is a 5-star analyst with an average return of 15.4% and a 65.8% success rate. Roderick covers the Technology sector, focusing on stocks such as CSG Systems International, Synchronoss Technologies, and Salesforce.com.
Currently, the analyst consensus on Q2 Holdings is Strong Buy and the average price target is $52.67, representing a -4.6% downside.
In a report issued on April 23, RBC Capital also reiterated a Buy rating on the stock with a $54 price target.
See today’s analyst top recommended stocks >>
Paylocity (NASDAQ: PCTY)
Stifel Nicolaus analyst Brad Reback maintained a Buy rating on Paylocity (NASDAQ: PCTY) today and set a price target of $59. The company’s shares closed yesterday at $54.40.
According to TipRanks.com, Reback is a 5-star analyst with an average return of 16.0% and a 66.8% success rate. Reback covers the Technology sector, focusing on stocks such as Citrix Systems, Microsoft Corp, and ChannelAdvisor.
Paylocity has an analyst consensus of Moderate Buy, with a price target consensus of $58.83.
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