Analysts have been eager to weigh in on the Technology sector with new ratings on Zuora (ZUO), Autodesk (ADSK) and Cadence Design (CDNS).
Zuora (ZUO)
In a report released today, Scott Berg from Needham assigned a Hold rating to Zuora. The company’s shares closed last Wednesday at $11.66.
According to TipRanks.com, Berg is a top 100 analyst with an average return of 17.3% and a 68.7% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Cornerstone Ondemand, and Tyler Technologies.
Zuora has an analyst consensus of Hold, with a price target consensus of $11.50, representing a -4.2% downside. In a report issued on May 14, Jefferies also downgraded the stock to Hold with a $11.00 price target.
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Autodesk (ADSK)
Wells Fargo analyst Philip Winslow maintained a Buy rating on Autodesk today. The company’s shares closed last Wednesday at $199.81, close to its 52-week high of $211.58.
According to TipRanks.com, Winslow is a 5-star analyst with an average return of 12.8% and a 73.6% success rate. Winslow covers the Technology sector, focusing on stocks such as Zoom Video Communications, Palo Alto Networks, and Citrix Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Autodesk with a $200.36 average price target, which is a 0.9% upside from current levels. In a report issued on May 19, KeyBanc also maintained a Buy rating on the stock with a $210.00 price target.
Cadence Design (CDNS)
Wells Fargo analyst Gary Mobley maintained a Buy rating on Cadence Design today. The company’s shares closed last Wednesday at $85.20, close to its 52-week high of $88.55.
According to TipRanks.com, Mobley is a 5-star analyst with an average return of 12.6% and a 62.5% success rate. Mobley covers the Technology sector, focusing on stocks such as Silicon Laboratories, Skyworks Solutions, and Maxlinear.
Cadence Design has an analyst consensus of Strong Buy, with a price target consensus of $86.33.
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