Analysts have been eager to weigh in on the Technology sector with new ratings on Zendesk (ZEN) and Appian (APPN).
Zendesk (ZEN)
Canaccord Genuity analyst David Hynes maintained a Buy rating on Zendesk yesterday and set a price target of $95.00. The company’s shares closed last Monday at $80.22.
According to TipRanks.com, Hynes is a top 25 analyst with an average return of 31.7% and a 76.9% success rate. Hynes covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Slack Technologies, and Bill.com Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zendesk with a $84.73 average price target, implying a 7.4% upside from current levels. In a report issued on June 11, Jefferies also maintained a Buy rating on the stock with a $91.00 price target.
See today’s analyst top recommended stocks >>
Appian (APPN)
Needham analyst Jack Andrews assigned a Hold rating to Appian today. The company’s shares closed last Monday at $52.36.
According to TipRanks.com, Andrews is a 5-star analyst with an average return of 22.5% and a 67.5% success rate. Andrews covers the Technology sector, focusing on stocks such as LiveRamp Holdings, CommVault Systems, and ServiceNow.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Appian with a $39.00 average price target.
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