Wall Street Analysts Are Bullish on Top Technology Picks
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Wageworks Inc (NYSE:WAGE) and Sendgrid Inc (NYSE:SEND) with bullish sentiments.
Wageworks Inc (WAGE)
Stifel Nicolaus analyst David Grossman maintained a Buy rating on Wageworks Inc today and set a price target of $55. The company’s shares closed yesterday at $49.10.
According to TipRanks.com, Grossman is a 5-star analyst with an average return of 18.6% and a 72.7% success rate. Grossman covers the Technology sector, focusing on stocks such as Tabula Rasa HealthCare, DXC Technology Company, and Infosys Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wageworks Inc with a $55 average price target.
See today’s analyst top recommended stocks >>
Sendgrid Inc (SEND)
Stifel Nicolaus analyst Tom Roderick maintained a Buy rating on Sendgrid Inc today and set a price target of $40. The company’s shares closed yesterday at $37.04, close to its 52-week high of $38.66.
According to TipRanks.com, Roderick is a 5-star analyst with an average return of 20.6% and a 70.5% success rate. Roderick covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Nuance Communications, and Salesforce.com.
Sendgrid Inc has an analyst consensus of Strong Buy, with a price target consensus of $37.75, implying a 1.9% upside from current levels. In a report issued on September 3, KeyBanc also maintained a Buy rating on the stock with a $42 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.