There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on RingCentral (RNG) and Jack Henry & Associates (JKHY) with bullish sentiments.
RingCentral (RNG)
In a report released yesterday, Ryan Koontz from Rosenblatt Securities reiterated a Buy rating on RingCentral, with a price target of $100. The company’s shares closed yesterday at $75.84.
According to TipRanks.com, Koontz is a 1-star analyst with an average return of -9.4% and a 28.6% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Juniper Networks, and Ciena Corp.
RingCentral has an analyst consensus of Strong Buy, with a price target consensus of $98.13, representing a 29.4% upside. In a report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $92 price target.
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Jack Henry & Associates (JKHY)
Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Jack Henry & Associates today and set a price target of $169. The company’s shares closed yesterday at $150.74.
Foresi commented:
“: We maintain our Overweight rating and our 12-month PT of $169 on JKHY. (We will review our estimates and PT post the earnings call.) JKHY reported quarterly top-line results and EPS above the FactSet consensus. We look to the earnings call for color on the new payments platform and pipeline updates, the impact and timing of termination fees, and the margin trajectory.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 17.5% and a 77.4% success rate. Foresi covers the Technology sector, focusing on stocks such as Fidelity National Info, DXC Technology Company, and Exlservice Holdings.
Jack Henry & Associates has an analyst consensus of Moderate Buy, with a price target consensus of $164.50.
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