Analysts Offer Insights on Technology Companies: Worldpay Inc (WP), Virtusa Corp (VRTU) and Match Group Inc (MTCH)


There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Worldpay Inc (NYSE:WP), Virtusa Corp (NASDAQ:VRTU) and Match Group Inc (NASDAQ:MTCH) with bullish sentiments.

Worldpay Inc (WP)

In a report released yesterday, Georgios Mihalos from Cowen & Co. reiterated a Buy rating on Worldpay Inc, with a price target of $108. The company’s shares closed yesterday at $90.60, close to its 52-week high of $90.80.

According to TipRanks.com, Mihalos is a top 100 analyst with an average return of 20.6% and a 85.0% success rate. Mihalos covers the Technology sector, focusing on stocks such as Fidelity National Info, Alliance Data Systems, and Total System Services.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Worldpay Inc with a $97.57 average price target, which is a 7.7% upside from current levels. In a report released yesterday, Cantor Fitzgerald also maintained a Buy rating on the stock with a $92 price target.

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Virtusa Corp (VRTU)

Cowen & Co. analyst Bryan Bergin reiterated a Buy rating on Virtusa Corp yesterday and set a price target of $62. The company’s shares closed yesterday at $52.67, close to its 52-week high of $55.68.

According to TipRanks.com, Bergin is a 4-star analyst with an average return of 19.7% and a 87.2% success rate. Bergin covers the Technology sector, focusing on stocks such as DXC Technology Company, Accenture, and Cognizant.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Virtusa Corp with a $59.80 average price target, a 13.5% upside from current levels. In a report issued on August 2, Barrington also maintained a Buy rating on the stock with a $55 price target.

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Match Group Inc (MTCH)

In a report released yesterday, John Blackledge from Cowen & Co. reiterated a Buy rating on Match Group Inc, with a price target of $55. The company’s shares closed yesterday at $49.28, close to its 52-week high of $49.98.

According to TipRanks.com, Blackledge is a 5-star analyst with an average return of 19.3% and a 72.3% success rate. Blackledge covers the Services sector, focusing on stocks such as Pandora Media, Wayfair Inc, and Netflix.

Currently, the analyst consensus on Match Group Inc is a Moderate Buy with an average price target of $49.29, representing a 0.0% upside. In a report issued on August 8, Deutsche Bank also reiterated a Buy rating on the stock with a $50 price target.

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