There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on ServiceNow (NYSE:NOW) and Wix.com Ltd (NASDAQ:WIX) with bullish sentiments.
ServiceNow (NOW)
Barclays analyst Raimo Lenschow maintained a Buy rating on ServiceNow yesterday and set a price target of $198. The company’s shares opened today at $192.03, close to its 52-week high of $194.81.
According to TipRanks.com, Lenschow is a top 100 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, Coupa Software Inc, and Citrix Systems.
ServiceNow has an analyst consensus of Strong Buy, with a price target consensus of $201.90, a 5.1% upside from current levels. In a report issued on July 20, Piper Jaffray also reiterated a Buy rating on the stock with a $210 price target.
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Wix.com Ltd (WIX)
In a report released yesterday, Deepak Mathivanan from Barclays maintained a Buy rating on Wix.com Ltd, with a price target of $125. The company’s shares opened today at $105, close to its 52-week high of $112.40.
According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 21.6% and a 72.9% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Webcom Group, and Yelp Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wix.com Ltd with a $111.55 average price target, implying a 6.2% upside from current levels. In a report issued on July 25, SunTrust Robinson also assigned a Buy rating to the stock with a $120 price target.
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