There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on 8X8 (EGHT) and Model N (MODN) with bullish sentiments.
8X8 (EGHT)
Colliers Securities analyst Catharine Trebnick reiterated a Buy rating on 8X8 today and set a price target of $42.00. The company’s shares closed last Monday at $28.14.
According to TipRanks.com, Trebnick is a 3-star analyst with an average return of 6.3% and a 41.4% success rate. Trebnick covers the Technology sector, focusing on stocks such as Ping Identity Holding, Palo Alto Networks, and CyberArk Software.
Currently, the analyst consensus on 8X8 is a Moderate Buy with an average price target of $43.00, a 49.5% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $50.00 price target.
See today’s analyst top recommended stocks >>
Model N (MODN)
In a report released today, Eugene Mannheimer from Colliers Securities reiterated a Buy rating on Model N, with a price target of $49.00. The company’s shares closed last Monday at $36.10.
According to TipRanks.com, Mannheimer is a 4-star analyst with an average return of 12.9% and a 55.3% success rate. Mannheimer covers the Technology sector, focusing on stocks such as NextGen Healthcare, Castlight Health, and Allscripts.
Currently, the analyst consensus on Model N is a Strong Buy with an average price target of $50.00, which is a 33.0% upside from current levels. In a report released today, BTIG also reiterated a Buy rating on the stock with a $56.00 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.
