Analysts’ Top Technology Picks: Five9 (FIVN), Casa Systems Inc (CASA)


There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Five9 (FIVN), Casa Systems Inc (CASA) and Tyler Technologies (TYL) with bullish sentiments.

Five9 (FIVN)

Northland Securities analyst Michael Latimore maintained a Buy rating on Five9 today and set a price target of $63. The company’s shares closed yesterday at $52.97.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.7% and a 58.0% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Brightcove Inc, and Everbridge Inc.

Currently, the analyst consensus on Five9 is a Moderate Buy with an average price target of $58.20.

See today’s analyst top recommended stocks >>

Casa Systems Inc (CASA)

Northland Securities analyst Tim Savageaux maintained a Buy rating on Casa Systems Inc today and set a price target of $13. The company’s shares closed yesterday at $9.55, close to its 52-week low of $8.11.

Savageaux noted:

“We believe there is significant follow on business potential to these engagements as well, and on the Cable side the company recognized a $10M+ deal in Q418 with potential for further DAA traction in 2019. Finally while strategic 5G core engagements with large Teri 1 carriers are likely to take longer to play out, we believe decisions on these deals could well be a 2019 event.”

According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 7.4% and a 56.1% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, DASAN Zhone Solutions Inc, and Acacia Communications.

Currently, the analyst consensus on Casa Systems Inc is a Moderate Buy with an average price target of $12.

Tyler Technologies (TYL)

Northland Securities analyst Tim Klasell maintained a Buy rating on Tyler Technologies today and set a price target of $240. The company’s shares closed yesterday at $225.91.

Klasell said:

“Weakness was on the lumpy license and services lines while the important subscriptions line showed strength. 25.5% matched expectations along with a backlog flat at $1.26bn. FY19 revenue and EPS guide were maintained. We expect to receive more color on these results during the call at 9:00 AM CT today.”

According to TipRanks.com, Klasell is a 5-star analyst with an average return of 20.8% and a 73.0% success rate. Klasell covers the Technology sector, focusing on stocks such as Zix Corporation, Proofpoint Inc, and PROS Holdings.

Currently, the analyst consensus on Tyler Technologies is a Moderate Buy with an average price target of $232.50.

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