Analysts have been eager to weigh in on the Technology sector with new ratings on Five9 (FIVN) and Cognizant (CTSH).
Five9 (FIVN)
Rosenblatt Securities analyst Ryan Koontz reiterated a Buy rating on Five9 yesterday and set a price target of $180.00. The company’s shares closed last Thursday at $143.11, close to its 52-week high of $148.96.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 22.5% and a 66.7% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Applied Optoelectronics, and CommScope Holding.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Five9 with a $147.53 average price target, which is a 1.9% upside from current levels. In a report issued on October 16, Craig-Hallum also maintained a Buy rating on the stock with a $165.00 price target.
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Cognizant (CTSH)
Nomura analyst Rishit Parikh maintained a Hold rating on Cognizant yesterday and set a price target of $71.00. The company’s shares closed last Thursday at $71.02, close to its 52-week high of $75.32.
According to TipRanks.com, Parikh is ranked #4852 out of 7012 analysts.
Cognizant has an analyst consensus of Moderate Buy, with a price target consensus of $77.27, implying a 3.3% upside from current levels. In a report issued on October 22, Morgan Stanley also maintained a Hold rating on the stock with a $73.00 price target.
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