There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Everbridge (EVBG) and Accolade (ACCD) with bullish sentiments.
Needham analyst Scott Berg assigned a Buy rating to Everbridge today and set a price target of $175.00. The company’s shares closed last Thursday at $143.57.
According to TipRanks.com, Berg is a top 25 analyst with an average return of 30.9% and a 74.9% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, BigCommerce Holdings, and Cornerstone Ondemand.
Everbridge has an analyst consensus of Strong Buy, with a price target consensus of $167.14, representing a 17.0% upside. In a report released yesterday, Stephens also maintained a Buy rating on the stock with a $165.00 price target.
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In a report released yesterday, Richard Close from Canaccord Genuity maintained a Buy rating on Accolade, with a price target of $59.00. The company’s shares closed last Thursday at $47.76.
According to TipRanks.com, Close is a 5-star analyst with an average return of 29.8% and a 64.4% success rate. Close covers the Technology sector, focusing on stocks such as Castlight Health, Health Catalyst, and HealthStream.
Currently, the analyst consensus on Accolade is a Strong Buy with an average price target of $54.88, a 15.5% upside from current levels. In a report issued on January 8, Piper Sandler also maintained a Buy rating on the stock with a $57.00 price target.
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