Analysts have been eager to weigh in on the Technology sector with new ratings on Spotify Technology SA (SPOT), SolarWinds (SWI) and Jack Henry & Associates (JKHY).
Spotify Technology SA (SPOT)
In a report issued on February 5, Mark Mahaney from RBC Capital maintained a Buy rating on Spotify Technology SA, with a price target of $195.00. The company’s shares closed last Monday at $154.55, close to its 52-week high of $161.38.
According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 18.3% and a 64.6% success rate. Mahaney covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Pinterest.
Currently, the analyst consensus on Spotify Technology SA is a Moderate Buy with an average price target of $164.81, which is a 7.9% upside from current levels. In a report issued on January 28, Monness also maintained a Buy rating on the stock with a $200.00 price target.
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SolarWinds (SWI)
In a report issued on February 5, Matthew Hedberg from RBC Capital maintained a Buy rating on SolarWinds, with a price target of $22.00. The company’s shares closed last Monday at $18.77.
According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 25.6% and a 79.1% success rate. Hedberg covers the Technology sector, focusing on stocks such as Zoom Video Communications, Ping Identity Holding, and Netscout Systems.
Currently, the analyst consensus on SolarWinds is a Strong Buy with an average price target of $22.33, a 19.0% upside from current levels. In a report issued on February 5, Nomura also maintained a Buy rating on the stock with a $24.00 price target.
Jack Henry & Associates (JKHY)
RBC Capital analyst Daniel Perlin maintained a Hold rating on Jack Henry & Associates on February 5 and set a price target of $168.00. The company’s shares closed last Monday at $165.29, close to its 52-week high of $166.07.
According to TipRanks.com, Perlin is a top 100 analyst with an average return of 21.9% and a 82.6% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Fidelity National Info.
Currently, the analyst consensus on Jack Henry & Associates is a Hold with an average price target of $142.80, which is a -13.0% downside from current levels. In a report issued on January 31, Robert W. Baird also maintained a Hold rating on the stock with a $156.00 price target.
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