Analysts’ Top Technology Picks: IAC/InterActiveCorp (IAC), Elastic NV (ESTC)


There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on IAC/InterActiveCorp (IAC), Elastic NV (ESTC) and Rapid7 (RPD) with bullish sentiments.

IAC/InterActiveCorp (IAC)

In a report issued on February 8, Ross Sandler from Barclays maintained a Buy rating on IAC/InterActiveCorp, with a price target of $261. The company’s shares closed on Friday at $215.96, close to its 52-week high of $223.54.

According to TipRanks.com, Sandler is a 4-star analyst with an average return of 6.9% and a 58.9% success rate. Sandler covers the Technology sector, focusing on stocks such as Spotify Technology SA, Match Group Inc, and Alphabet Inc.

Currently, the analyst consensus on IAC/InterActiveCorp is a Strong Buy with an average price target of $238.67, representing a 10.5% upside. In a report issued on February 4, Oppenheimer also assigned a Buy rating to the stock with a $275 price target.

See today’s analyst top recommended stocks >>

Elastic NV (ESTC)

In a report issued on February 8, Raimo Lenschow from Barclays maintained a Buy rating on Elastic NV, with a price target of $105. The company’s shares closed on Friday at $87.02, close to its 52-week high of $92.10.

According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 19.4% and a 74.9% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, SolarWinds Corporation, and Pivotal Software Inc.

Elastic NV has an analyst consensus of Moderate Buy, with a price target consensus of $92.50.

Rapid7 (RPD)

In a report issued on February 8, Saket Kalia from Barclays maintained a Buy rating on Rapid7, with a price target of $48. The company’s shares closed on Friday at $44.49, close to its 52-week high of $45.17.

According to TipRanks.com, Kalia is a 5-star analyst with an average return of 12.5% and a 59.3% success rate. Kalia covers the Technology sector, focusing on stocks such as SecureWorks Corp, Varonis Systems, and Carbonite Inc.

Rapid7 has an analyst consensus of Moderate Buy, with a price target consensus of $44.56, implying a 0.2% upside from current levels. In a report issued on January 28, Raymond James also upgraded the stock to Buy with a $45 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts