Analysts have been eager to weigh in on the Technology sector with new ratings on Splunk Inc (NASDAQ: SPLK), Veeva Systems (NYSE: VEEV) and Appian Corp (NASDAQ: APPN).
Splunk Inc (NASDAQ: SPLK)
Monness analyst Brian White maintained a Buy rating on Splunk Inc today and set a price target of $145. The company’s shares closed yesterday at $101.75.
According to TipRanks.com, White is a 5-star analyst with an average return of 15.9% and a 67.3% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
Currently, the analyst consensus on Splunk Inc is a Strong Buy with an average price target of $122.92, a 20.8% upside from current levels. In a report issued on June 18, Oppenheimer also maintained a Buy rating on the stock with a $130 price target.
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Veeva Systems (NYSE: VEEV)
Morgan Stanley analyst Stan Zlotsky maintained a Buy rating on Veeva Systems today and set a price target of $85. The company’s shares closed yesterday at $78.47.
Zlotsky has an average return of 45.8% when recommending Veeva Systems.
According to TipRanks.com, Zlotsky is ranked #768 out of 4822 analysts.
Veeva Systems has an analyst consensus of Strong Buy, with a price target consensus of $86.33, implying a 10.0% upside from current levels. In a report issued on June 25, SunTrust Robinson also initiated coverage with a Buy rating on the stock with a $100 price target.
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Appian Corp (NASDAQ: APPN)
Morgan Stanley analyst Sanjit Singh maintained a Sell rating on Appian Corp today and set a price target of $26. The company’s shares closed yesterday at $35.16.
According to TipRanks.com, Singh is a 3-star analyst with an average return of 5.7% and a 53.6% success rate. Singh covers the Technology sector, focusing on stocks such as Nice-Systems, Cloudera Inc, and Tableau.
Appian Corp has an analyst consensus of Moderate Sell, with a price target consensus of $29.67.
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