Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Shopify (SHOP) and Akamai (AKAM).
Shopify (SHOP)
Morgan Stanley analyst Brian Essex maintained a Hold rating on Shopify today and set a price target of $173. The company’s shares opened today at $178.19, close to its 52-week high of $180.
According to TipRanks.com, Essex is a 4-star analyst with an average return of 7.6% and a 69.6% success rate. Essex covers the Technology sector, focusing on stocks such as Endava Ltd, Accenture, and Cognizant.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shopify with a $191.28 average price target, implying a 7.3% upside from current levels. In a report issued on February 11, RBC Capital also maintained a Hold rating on the stock with a $180 price target.
See today’s analyst top recommended stocks >>
Akamai (AKAM)
Morgan Stanley analyst Keith Weiss maintained a Buy rating on Akamai today and set a price target of $80. The company’s shares opened today at $70.35.
According to TipRanks.com, Weiss is a 5-star analyst with an average return of 18.2% and a 72.0% success rate. Weiss covers the Technology sector, focusing on stocks such as Nuance Communications, Salesforce.com, and Symantec Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Akamai with a $79.36 average price target, representing a 12.8% upside. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $76 price target.
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