Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Intuit (NASDAQ: INTU), Luxoft Holding (NYSE: LXFT) and Syntel (NASDAQ: SYNT).
Intuit (NASDAQ: INTU)
Barclays analyst Raimo Lenschow maintained a Hold rating on Intuit (NASDAQ: INTU) yesterday and set a price target of $194. The company’s shares closed yesterday at $196.23, close to its 52-week high of $196.97.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.0% and a 74.3% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Coupa Software Inc, and Citrix Systems.
Currently, the analyst consensus on Intuit is Moderate Buy and the average price target is $197.10, representing a 0.4% upside.
In a report released yesterday, Stifel Nicolaus also maintained a Hold rating on the stock with a $197 price target.
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Luxoft Holding (NYSE: LXFT)
Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on Luxoft Holding (NYSE: LXFT) today and set a price target of $54. The company’s shares closed yesterday at $43.20.
Foresi commented:
“We maintain our Overweight rating on LXFT and our 12- month PT of $54*. Luxoft reported 4QFY18 top-line results just above Street expectations, but issued 1QFY19 guidance below consensus. Adjusted EPS came in just below consensus. The largest two accounts still face uncertainty, but revenues outside of these accounts grew by 20%. We look to the earnings call to provide color/ update on the outlook and performance for the largest clients, utilization and margin expectations and full-year FY19 projections.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 17.6% and a 83.0% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Exlservice Holdings.
Currently, the analyst consensus on Luxoft Holding is Moderate Buy and the average price target is $53.50, representing a 23.8% upside.
In a report issued on May 22, KeyBanc also maintained a Buy rating on the stock with a $53 price target.
Syntel (NASDAQ: SYNT)
In a report released today, Vincent Colicchio from Barrington assigned a Hold rating to Syntel (NASDAQ: SYNT). The company’s shares closed yesterday at $31.65, close to its 52-week high of $31.76.
Colicchio observed:
“We believe the pipeline for both digital and European projects is strong.”
According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 6.6% and a 60.5% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.
Syntel has an analyst consensus of Hold, with a price target consensus of $26.67.
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