There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on ANGI Homeservices Inc (ANGI) and Varonis Systems (VRNS) with bullish sentiments.
ANGI Homeservices Inc (ANGI)
Oppenheimer analyst Jason Helfstein maintained a Buy rating on ANGI Homeservices Inc today. The company’s shares closed yesterday at $18.06.
According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 19.7% and a 67.4% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, Spotify Technology SA, and IAC/InterActiveCorp.
ANGI Homeservices Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.
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Varonis Systems (VRNS)
In a report released today, Shaul Eyal from Oppenheimer maintained a Buy rating on Varonis Systems, with a price target of $80. The company’s shares closed yesterday at $70.91.
Eyal observed:
“Following a meeting with VRNS’ management (CFO, CMO, VP IR) our key takeaways include: 1) on the heels of solid 1Q19 results management remains laser focused on quickly transitioning its business model into a subscription driven one; 2) the recent FY19 upward guidance of subscription contribution (25% of total license, up from a prior 10%) leaves room for further upside revisions as a combination of an expanding platform, receptive customer base (new and existing), and a healthy spend environment—all provide support for further momentum; 3) We view VRNS’ $16B TAM opportunity and a relatively restrained competitive environment providing the longer-term necessary fuel to continue and drive VRNS toward its $1B revenue goal. Reiterate Outperform and $80 PT.”
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 17.0% and a 67.5% success rate. Eyal covers the Technology sector, focusing on stocks such as Nuance Communications, Verint Systems Inc, and CyberArk Software.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Varonis Systems with a $74.64 average price target, representing a 5.3% upside. In a report issued on April 29, RBC Capital also maintained a Buy rating on the stock with a $72 price target.
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