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There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Splunk Inc (NASDAQ: SPLK), Workday Inc (NYSE: WDAY) and Virtusa Corp (NASDAQ: VRTU) with bullish sentiments.
Splunk Inc (NASDAQ: SPLK)
Oppenheimer analyst Shaul Eyal assigned a Buy rating to Splunk Inc (NASDAQ: SPLK) yesterday. The company’s shares opened today at $117.17, close to its 52-week high of $119.83.
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 15.1% and a 67.3% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and Varonis Systems.
Splunk Inc has an analyst consensus of Strong Buy, with a price target consensus of $123.90.
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Workday Inc (NYSE: WDAY)
In a report released yesterday, Brian White from Monness maintained a Buy rating on Workday Inc (NYSE: WDAY), with a price target of $158. The company’s shares opened today at $123.75.
According to TipRanks.com, White is a top 100 analyst with an average return of 17.2% 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 Workday Inc is Moderate Buy and the average price target is $139.82, representing a 13.0% upside.
In a report issued on May 29, RBC Capital also maintained a Buy rating on the stock with a $155 price target.
Virtusa Corp (NASDAQ: VRTU)
In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on Virtusa Corp (NASDAQ: VRTU), with a price target of $55. The company’s shares opened today at $52.58, close to its 52-week high of $52.88.
According to TipRanks.com, Colicchio is a 4-star analyst with an average return of 9.7% and a 72.1% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.
Currently, the analyst consensus on Virtusa Corp is Strong Buy and the average price target is $58.20, representing a 10.7% upside.
In a report issued on May 29, Cantor Fitzgerald also maintained a Buy rating on the stock with a $60 price target.
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