Analysts Are Bullish on Top Technology Stocks: DocuSign (DOCU), Zuora (ZUO)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on DocuSign (DOCU) and Zuora (ZUO) with bullish sentiments.
Wedbush analyst Daniel Ives maintained a Buy rating on DocuSign today and set a price target of $90.00. The company’s shares closed last Monday at $69.50, close to its 52-week high of $73.22.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 4.6% and a 58.0% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Slack Technologies, and Uber Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for DocuSign with a $84.00 average price target, which is a 19.7% upside from current levels. In a report issued on November 21, JMP Securities also maintained a Buy rating on the stock with a $75.00 price target.
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Needham analyst Scott Berg maintained a Buy rating on Zuora today and set a price target of $18.00. The company’s shares closed last Monday at $15.10.
According to TipRanks.com, Berg is a 5-star analyst with an average return of 15.9% and a 64.8% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Ceridian HCM Holding, and Tyler Technologies.
The the analyst consensus on Zuora is currently a Hold rating.
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