There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Tyler Technologies (TYL) and Qualys (QLYS) with bullish sentiments.
Tyler Technologies (TYL)
Needham analyst Scott Berg assigned a Buy rating to Tyler Technologies today and set a price target of $510.00. The company’s shares closed last Wednesday at $450.62, close to its 52-week high of $466.21.
According to TipRanks.com, Berg is a top 25 analyst with an average return of 35.9% and a 77.0% success rate. Berg covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Cornerstone Ondemand, and Bill.com Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tyler Technologies with a $453.33 average price target, representing a 4.6% upside. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $480.00 price target.
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In a report released today, Daniel Ives from Wedbush reiterated a Buy rating on Qualys, with a price target of $130.00. The company’s shares closed last Wednesday at $117.50.
According to TipRanks.com, Ives is a top 100 analyst with an average return of 39.0% and a 76.3% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Palo Alto Networks.
Qualys has an analyst consensus of Hold, with a price target consensus of $110.40.
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