Analysts Conflicted on These Technology Names: Accenture (ACN), Oracle (ORCL) and Adobe (ADBE)


Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Accenture (ACN), Oracle (ORCL) and Adobe (ADBE).

Accenture (ACN)

Stifel Nicolaus analyst David Grossman maintained a Buy rating on Accenture today and set a price target of $220.00. The company’s shares closed last Monday at $204.15, close to its 52-week high of $204.43.

According to TipRanks.com, Grossman is a 5-star analyst with an average return of 16.3% and a 69.6% success rate. Grossman covers the Technology sector, focusing on stocks such as International Business Machines, Tabula Rasa HealthCare, and Paychex.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Accenture with a $212.22 average price target, a 4.5% upside from current levels. In a report issued on December 6, Wells Fargo also maintained a Buy rating on the stock.

See today’s analyst top recommended stocks >>

Oracle (ORCL)

Barclays analyst Raimo Lenschow maintained a Hold rating on Oracle today and set a price target of $60.00. The company’s shares closed last Monday at $54.56.

According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 18.8% and a 71.6% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, Slack Technologies, and Citrix Systems.

The word on The Street in general, suggests a Hold analyst consensus rating for Oracle with a $55.42 average price target, which is a 0.8% upside from current levels. In a report issued on December 9, Monness also maintained a Hold rating on the stock.

Adobe (ADBE)

In a report released today, Christopher Eberle from Nomura maintained a Buy rating on Adobe, with a price target of $318.00. The company’s shares closed last Monday at $318.68, close to its 52-week high of $319.11.

According to TipRanks.com, Eberle is a 4-star analyst with an average return of 5.8% and a 56.7% success rate. Eberle covers the Technology sector, focusing on stocks such as Tenable Holdings, PROS Holdings, and Salesforce.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adobe with a $335.45 average price target, implying a 6.8% upside from current levels. In a report issued on December 9, Morgan Stanley also maintained a Buy rating on the stock with a $410.00 price target.

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