There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Zendesk (ZEN) and Bill.com Holdings (BILL) with bullish sentiments.
Zendesk (ZEN)
In a report released today, Koji Ikeda from Oppenheimer assigned a Buy rating to Zendesk, with a price target of $180.00. The company’s shares closed last Thursday at $155.55, close to its 52-week high of $156.50.
According to TipRanks.com, Ikeda is a top 100 analyst with an average return of 45.5% and a 90.7% success rate. Ikeda covers the Technology sector, focusing on stocks such as Coupa Software, SPS Commerce, and BlackLine.
Currently, the analyst consensus on Zendesk is a Strong Buy with an average price target of $163.67, which is a 6.7% upside from current levels. In a report issued on January 22, Cowen & Co. also maintained a Buy rating on the stock with a $165.00 price target.
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Bill.com Holdings (BILL)
In a report released today, Brian Schwartz from Oppenheimer reiterated a Buy rating on Bill.com Holdings, with a price target of $175.00. The company’s shares closed last Thursday at $139.87, close to its 52-week high of $154.03.
According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 35.0% and a 81.0% success rate. Schwartz covers the Technology sector, focusing on stocks such as RingCentral, Salesforce, and ServiceNow.
Bill.com Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $139.78, a 3.2% upside from current levels. In a report issued on February 2, KeyBanc also maintained a Buy rating on the stock with a $150.00 price target.
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