There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Quality Systems (NASDAQ:QSII) and Cloudera Inc (NYSE:CLDR) with bullish sentiments.
Quality Systems (QSII)
Cantor Fitzgerald analyst Steven Halper maintained a Buy rating on Quality Systems today and set a price target of $26. The company’s shares closed on Friday at $22.35, close to its 52-week high of $23.73.
According to TipRanks.com, Halper is a top 25 analyst with an average return of 25.7% and a 76.8% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Tivity Health Inc, and Hms Holdings Corp.
Currently, the analyst consensus on Quality Systems is a Hold with an average price target of $20.75, which is a -7.2% downside from current levels. In a report issued on September 7, Piper Jaffray also maintained a Buy rating on the stock with a $26 price target.
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Cloudera Inc (CLDR)
In a report released today, Walter Pritchard from Citigroup maintained a Buy rating on Cloudera Inc, with a price target of $24. The company’s shares closed on Friday at $17.56.
According to TipRanks.com, Pritchard is a 5-star analyst with an average return of 15.6% and a 73.3% success rate. Pritchard covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Check Point, and Splunk Inc.
Currently, the analyst consensus on Cloudera Inc is a Moderate Buy with an average price target of $20, a 13.9% upside from current levels. In a report issued on September 6, Needham also maintained a Buy rating on the stock with a $23 price target.
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