There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Citrix Systems (CTXS) and SAP AG (SAP) with bullish sentiments.
Citrix Systems (CTXS)
Deutsche Bank analyst Karl Keirstead maintained a Buy rating on Citrix Systems today and set a price target of $175.00. The company’s shares closed last Monday at $143.23, close to its 52-week high of $146.40.
According to TipRanks.com, Keirstead is a top 100 analyst with an average return of 13.8% and a 67.2% success rate. Keirstead covers the Technology sector, focusing on stocks such as NortonLifeLock, Veeva Systems, and Salesforce.
Citrix Systems has an analyst consensus of Moderate Buy, with a price target consensus of $132.18, implying a -7.4% downside from current levels. In a report issued on March 24, Wells Fargo also maintained a Buy rating on the stock.
See today’s analyst top recommended stocks >>
SAP AG (SAP)
In a report released today, Alex Zukin from RBC Capital reiterated a Buy rating on SAP AG, with a price target of $118.00. The company’s shares closed last Monday at $109.46.
According to TipRanks.com, Zukin is a top 100 analyst with an average return of 15.7% and a 62.2% success rate. Zukin covers the Technology sector, focusing on stocks such as Zoom Video Communications, Cornerstone Ondemand, and Ceridian HCM Holding.
Currently, the analyst consensus on SAP AG is a Strong Buy with an average price target of $121.00, an 11.3% upside from current levels. In a report issued on March 25, Barclays also maintained a Buy rating on the stock with a $130.00 price target.
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.
