There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Exlservice Holdings (EXLS), ID Systems (IDSY) and Blucora (BCOR) with bullish sentiments.
Exlservice Holdings (EXLS)
Barrington analyst Vincent Colicchio maintained a Buy rating on Exlservice Holdings today and set a price target of $70. The company’s shares closed yesterday at $65.12, close to its 52-week high of $67.68.
“We expect EXL to report Q2/19 non-GAAP EPS of $0.71, which is in line with the FactSet consensus of $0.71. Our expectation represents year-over-year growth of 6% and a sequentially flat result.”
According to TipRanks.com, Colicchio is a 1-star analyst with an average return of -2.7% and a 48.6% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Computer Task, and HealthStream.
Exlservice Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $67.
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ID Systems (IDSY)
In a report released today, Gary Prestopino from Barrington maintained a Buy rating on ID Systems, with a price target of $12. The company’s shares closed yesterday at $6.11.
“We are initiating research coverage of IDSY with an OUTPERFORM investment rating and an $11-13 price target range.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -1.8% and a 41.1% success rate. Prestopino covers the Technology sector, focusing on stocks such as Bottomline Technologies, CPI Card Group Inc, and Cars.com, Inc.
Currently, the analyst consensus on ID Systems is a Moderate Buy with an average price target of $8.50.
In a report released today, Alexander Paris from Barrington maintained a Buy rating on Blucora, with a price target of $41. The company’s shares closed yesterday at $29.37.
“We have adjusted our estimates to include the recently completed acquisition of 1 st Global. Our estimates call for revenue of $191.1 million, up 21.0% YOY; adjusted EBITDA of $47.7 million, down 9.7% YOY; and non-GAAP earnings per share of $0.75, down 22.7% YOY. Our Wealth Management segment revenue estimate is $123.3 million (+34.0% YOY), with segment income of $15.0 million (+15.8% YOY), and our Tax Preparation segment revenue estimate is $67.7 million (+2.9% YOY), with segment income of $39.7 million (-10.0% YOY). The FactSet consensus calls for revenue of $180.8 million, adjusted EBITDA of $47.3 million and a non-GAAP earnings per share of $0.77.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 6.4% and a 50.9% success rate. Paris covers the NA sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Blucora with a $41 average price target.
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