There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Farfetch (FTCH) and Vertex (VERX) with bullish sentiments.
Farfetch (FTCH)
In a report released today, Jason Helfstein from Oppenheimer assigned a Buy rating to Farfetch, with a price target of $45.00. The company’s shares closed last Thursday at $37.24.
According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 34.5% and a 63.4% success rate. Helfstein covers the Technology sector, focusing on stocks such as Opendoor Technologies, Fiverr International, and Zillow Group Class C.
Currently, the analyst consensus on Farfetch is a Strong Buy with an average price target of $71.00, implying an 80.7% upside from current levels. In a report issued on May 10, Credit Suisse also maintained a Buy rating on the stock with a $83.00 price target.
See today’s analyst top recommended stocks >>
Vertex (VERX)
In a report released today, Joshua Reilly from Needham assigned a Buy rating to Vertex, with a price target of $30.00. The company’s shares closed last Thursday at $16.59, close to its 52-week low of $16.06.
According to TipRanks.com, Reilly is ranked #5838 out of 7497 analysts.
Vertex has an analyst consensus of Moderate Buy, with a price target consensus of $27.33, representing a 60.8% upside. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $23.00 price target.
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