Analysts have been eager to weigh in on the Technology sector with new ratings on Zendesk (ZEN) and Accolade (ACCD).
Zendesk (ZEN)
Canaccord Genuity analyst David Hynes maintained a Hold rating on Zendesk yesterday and set a price target of $260.00. The company’s shares closed last Friday at $147.52.
According to TipRanks.com, Hynes is a top 25 analyst with an average return of 34.7% and a 78.5% success rate. Hynes covers the Technology sector, focusing on stocks such as Qualtrics International, ZoomInfo Technologies, and BigCommerce Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zendesk with a $190.50 average price target.
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Accolade (ACCD)
In a report issued on April 23, Richard Close from Canaccord Genuity maintained a Buy rating on Accolade, with a price target of $62.00. The company’s shares closed last Friday at $48.67.
According to TipRanks.com, Close is a 5-star analyst with an average return of 27.8% and a 63.0% success rate. Close covers the Technology sector, focusing on stocks such as Castlight Health, Health Catalyst, and HealthStream.
Accolade has an analyst consensus of Strong Buy, with a price target consensus of $59.44, implying a 26.3% upside from current levels. In a report issued on April 15, Needham also initiated coverage with a Buy rating on the stock with a $59.00 price target.
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