There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Wix (WIX) and EverQuote (EVER) with bullish sentiments.
Wix (WIX)
In a report issued on February 5, Ross Sandler from Barclays maintained a Buy rating on Wix, with a price target of $125.00. The company’s shares closed last Monday at $253.15.
According to TipRanks.com, Sandler is a 5-star analyst with an average return of 16.3% and a 67.8% success rate. Sandler covers the Technology sector, focusing on stocks such as Spotify Technology SA, Zillow Group Class A, and Uber Technologies.
Currently, the analyst consensus on Wix is a Strong Buy with an average price target of $316.00, which is a 24.7% upside from current levels. In a report issued on March 19, Guggenheim also initiated coverage with a Buy rating on the stock.
See today’s analyst top recommended stocks >>
EverQuote (EVER)
Canaccord Genuity analyst Michael Graham maintained a Buy rating on EverQuote on December 21 and set a price target of $65.00. The company’s shares closed last Monday at $36.98.
According to TipRanks.com, Graham is a 5-star analyst with an average return of 26.4% and a 64.3% success rate. Graham covers the Technology sector, focusing on stocks such as Uber Technologies, DraftKings, and MediaAlpha.
EverQuote has an analyst consensus of Strong Buy, with a price target consensus of $58.50, which is a 55.6% upside from current levels. In a report issued on December 8, Raymond James also maintained a Buy rating on the stock.
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.