There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Yext (YEXT) and Medallia (MDLA) with bullish sentiments.
In a report released today, Koji Ikeda from Oppenheimer maintained a Buy rating on Yext, with a price target of $21.00. The company’s shares closed last Thursday at $19.32, close to its 52-week high of $20.90.
According to TipRanks.com, Ikeda is a top 100 analyst with an average return of 44.7% and a 92.7% success rate. Ikeda covers the Technology sector, focusing on stocks such as Coupa Software, SPS Commerce, and Liveperson.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yext with a $19.67 average price target, representing a 4.8% upside. In a report issued on November 30, RBC Capital also maintained a Buy rating on the stock with a $21.00 price target.
See today’s analyst top recommended stocks >>
In a report released today, Brian Schwartz from Oppenheimer maintained a Buy rating on Medallia, with a price target of $40.00. The company’s shares closed last Thursday at $35.13.
According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 32.5% and a 79.0% success rate. Schwartz covers the Technology sector, focusing on stocks such as Bill.com Holdings, RingCentral, and ServiceNow.
Medallia has an analyst consensus of Strong Buy, with a price target consensus of $39.00.
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.