There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Fortinet (FTNT) and Liveperson (LPSN) with bullish sentiments.
Fortinet (FTNT)
In a report released today, Daniel Ives from Wedbush maintained a Buy rating on Fortinet, with a price target of $170.00. The company’s shares closed last Thursday at $118.00.
According to TipRanks.com, Ives is a 5-star analyst with an average return of 17.8% and a 59.7% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Palo Alto Networks.
Fortinet has an analyst consensus of Moderate Buy, with a price target consensus of $139.69, implying a 16.6% upside from current levels. In a report issued on October 20, Goldman Sachs also upgraded the stock to Buy with a $150.00 price target.
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Liveperson (LPSN)
Needham analyst Ryan MacDonald reiterated a Buy rating on Liveperson today and set a price target of $65.00. The company’s shares closed last Thursday at $57.15, close to its 52-week high of $63.90.
According to TipRanks.com, MacDonald is a top 100 analyst with an average return of 37.4% and a 76.1% success rate. MacDonald covers the Technology sector, focusing on stocks such as Verint Systems, ChannelAdvisor, and Coupa Software.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Liveperson with a $66.50 average price target, representing a 16.0% upside. In a report issued on October 23, B.Riley Financial also maintained a Buy rating on the stock with a $66.00 price target.
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