Analysts have been eager to weigh in on the Technology sector with new ratings on Tableau (NYSE:DATA), Open Text (NASDAQ:OTEX) and Symantec Corp (NASDAQ:SYMC).
Tableau (DATA)
In a report released today, Raimo Lenschow from Barclays maintained a Buy rating on Tableau, with a price target of $123. The company’s shares closed on Friday at $102.84.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 18.3% and a 73.4% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Coupa Software Inc, and Citrix Systems.
Tableau has an analyst consensus of Moderate Buy, with a price target consensus of $116.81, a 13.6% upside from current levels. In a report issued on August 1, Deutsche Bank also upgraded the stock to Buy with a $120 price target.
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Open Text (OTEX)
Barclays analyst Phillip Huang maintained a Buy rating on Open Text today and set a price target of $48. The company’s shares closed on Friday at $39.27, close to its 52-week high of $40.31.
According to TipRanks.com, Huang is a 5-star analyst with an average return of 12.0% and a 85.4% success rate. Huang covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and Descartes.
Open Text has an analyst consensus of Strong Buy, with a price target consensus of $45.11, representing a 14.9% upside. In a report issued on July 24, Industrial Alliance Securities also maintained a Buy rating on the stock with a $40 price target.
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Symantec Corp (SYMC)
In a report released today, Saket Kalia from Barclays maintained a Hold rating on Symantec Corp, with a price target of $21. The company’s shares closed on Friday at $19.25, close to its 52-week low of $17.81.
According to TipRanks.com, Kalia is a 4-star analyst with an average return of 12.8% and a 55.8% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, SecureWorks Corp, and Varonis Systems.
Currently, the analyst consensus on Symantec Corp is a Hold with an average price target of $21.62, a 12.3% upside from current levels. In a report issued on August 2, Credit Suisse also maintained a Hold rating on the stock with a $23 price target.
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