There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Workiva Inc (NYSE:WK), Hortonworks (NASDAQ:HDP) and Alarmcom (NASDAQ:ALRM) with bullish sentiments.
Workiva Inc (WK)
In a report released yesterday, Tom Roderick from Stifel Nicolaus reiterated a Buy rating on Workiva Inc, with a price target of $35. The company’s shares closed yesterday at $29.75, close to its 52-week high of $31.38.
According to TipRanks.com, Roderick is a 5-star analyst with an average return of 17.1% and a 66.9% success rate. Roderick covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Nuance Communications, and Salesforce.com.
Workiva Inc has an analyst consensus of Moderate Buy, with a price target consensus of $29.40, representing a -1.2% downside. In a report issued on August 7, SunTrust Robinson also reiterated a Buy rating on the stock with a $31 price target.
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Hortonworks (HDP)
In a report released yesterday, Tim Klasell from Northland Securities reiterated a Buy rating on Hortonworks, with a price target of $28. The company’s shares closed yesterday at $19.95.
According to TipRanks.com, Klasell is a 5-star analyst with an average return of 24.0% and a 74.2% success rate. Klasell covers the Technology sector, focusing on stocks such as Carbonite Inc, PROS Holdings, and SPS Commerce.
Currently, the analyst consensus on Hortonworks is a Strong Buy with an average price target of $28.40, representing a 42.4% upside. In a report issued on August 3, Monness also maintained a Buy rating on the stock with a $25 price target.
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Alarmcom (ALRM)
Northland Securities analyst Michael Latimore reiterated a Buy rating on Alarmcom yesterday and set a price target of $57. The company’s shares closed yesterday at $48.24.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.7% and a 61.3% success rate. Latimore covers the Technology sector, focusing on stocks such as The Meet Group Inc, Vonage Holdings, and Everbridge Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alarmcom with a $51.88 average price target, representing a 7.5% upside. In a report issued on July 25, Roth Capital also reiterated a Buy rating on the stock with a $51 price target.
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