Analysts’ Opinions Are Mixed on These Technology Stocks: Open Text (OTEX), First Data Corp (FDC) and Symantec Corp (SYMC)


Analysts have been eager to weigh in on the Technology sector with new ratings on Open Text (OTEX), First Data Corp (FDC) and Symantec Corp (SYMC).

Open Text (OTEX)

Barclays analyst Phillip Huang maintained a Buy rating on Open Text on February 1 and set a price target of $49. The company’s shares closed on Friday at $37.24.

According to TipRanks.com, Huang is a 5-star analyst with an average return of 10.0% and a 77.1% success rate. Huang covers the Technology sector, focusing on stocks such as Rogers Communication, CGI Group, and Telus.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Open Text with a $46 average price target, implying a 23.5% upside from current levels. In a report issued on January 25, Raymond James also maintained a Buy rating on the stock with a $48 price target.

See today’s analyst top recommended stocks >>

First Data Corp (FDC)

In a report issued on February 1, Ramsey El Assal from Barclays maintained a Hold rating on First Data Corp, with a price target of $29. The company’s shares closed on Friday at $24.65, close to its 52-week high of $26.62.

According to TipRanks.com, Assal is ranked #137 out of 5144 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Data Corp with a $23.57 average price target, which is a -4.4% downside from current levels. In a report issued on January 17, Mizuho Securities also downgraded the stock to Hold with a $22 price target.

Symantec Corp (SYMC)

Barclays analyst Saket Kalia maintained a Hold rating on Symantec Corp on February 1 and set a price target of $24. The company’s shares closed on Friday at $22.91.

According to TipRanks.com, Kalia is a 5-star analyst with an average return of 11.5% and a 57.9% success rate. Kalia covers the Technology sector, focusing on stocks such as SecureWorks Corp, Varonis Systems, and Carbonite Inc.

Currently, the analyst consensus on Symantec Corp is a Hold with an average price target of $23.11, which is a 0.9% upside from current levels. In a report issued on February 1, Robert W. Baird also maintained a Hold rating on the stock with a $25 price target.

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