There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Flir Systems (FLIR), Anaplan (PLAN) and Elastic (ESTC) with bullish sentiments.
Flir Systems (FLIR)
In a report released yesterday, Kenneth Herbert from Canaccord Genuity maintained a Buy rating on Flir Systems, with a price target of $50.00. The company’s shares closed last Wednesday at $36.04.
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 16.8% and a 67.0% success rate. Herbert covers the Technology sector, focusing on stocks such as Rada Electronics Industries, Aerojet Rocketdyne Holdings, and CPI Aerostructures.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Flir Systems with a $50.00 average price target.
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Anaplan (PLAN)
Canaccord Genuity analyst Joseph Vafi maintained a Buy rating on Anaplan yesterday and set a price target of $66.00. The company’s shares closed last Wednesday at $58.15, close to its 52-week high of $63.71.
According to TipRanks.com, Vafi is a 5-star analyst with an average return of 28.9% and a 73.8% success rate. Vafi covers the Technology sector, focusing on stocks such as Fidelity National Info, Paypal Holdings, and Coupa Software.
Currently, the analyst consensus on Anaplan is a Moderate Buy with an average price target of $58.88, implying a 0.3% upside from current levels. In a report issued on August 18, Monness also maintained a Buy rating on the stock with a $55.00 price target.
Elastic (ESTC)
In a report released yesterday, David Hynes from Canaccord Genuity maintained a Buy rating on Elastic, with a price target of $130.00. The company’s shares closed last Wednesday at $112.98, close to its 52-week high of $113.52.
According to TipRanks.com, Hynes is a top 25 analyst with an average return of 33.3% and a 78.5% success rate. Hynes covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, Slack Technologies, and Upland Software.
Currently, the analyst consensus on Elastic is a Strong Buy with an average price target of $114.45, a 6.1% upside from current levels. In a report issued on August 19, Jefferies also maintained a Buy rating on the stock with a $110.00 price target.
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