There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Virtusa Corp (NASDAQ:VRTU) and Upland Software (NASDAQ:UPLD) with bullish sentiments.
Virtusa Corp (VRTU)
In a report released today, Mayank Tandon from Needham maintained a Buy rating on Virtusa Corp, with a price target of $68. The company’s shares opened today at $52.67, close to its 52-week high of $55.68.
According to TipRanks.com, Tandon is a 5-star analyst with an average return of 19.5% and a 69.2% success rate. Tandon covers the Technology sector, focusing on stocks such as Sapiens International Corporation, SS&C Technologies Holdings, and Exlservice Holdings.
Virtusa Corp has an analyst consensus of Strong Buy, with a price target consensus of $59.40, representing a 12.8% upside. In a report issued on August 2, Barrington also maintained a Buy rating on the stock with a $55 price target.
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Upland Software (UPLD)
Needham analyst Scott Berg maintained a Buy rating on Upland Software today and set a price target of $40. The company’s shares opened today at $34.54, close to its 52-week high of $37.44.
According to TipRanks.com, Berg is a 5-star analyst with an average return of 14.7% and a 65.3% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Medidata Solutions, and Ultimate Software.
Upland Software has an analyst consensus of Strong Buy, with a price target consensus of $40, a 15.8% upside from current levels. In a report released today, Roth Capital also upgraded the stock to Buy with a $43 price target.
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