There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Zscaler (ZS) and CGI Group (GIB) with bullish sentiments.
Zscaler (ZS)
In a report issued on October 1, Matthew Hedberg from RBC Capital maintained a Buy rating on Zscaler, with a price target of $150.00. The company’s shares closed last Friday at $142.05.
According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 26.7% and a 76.1% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and CrowdStrike Holdings.
Currently, the analyst consensus on Zscaler is a Moderate Buy with an average price target of $151.18.
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CGI Group (GIB)
In a report issued on October 2, Paul Treiber from RBC Capital maintained a Buy rating on CGI Group, with a price target of C$110.00. The company’s shares closed last Friday at $68.78.
According to TipRanks.com, Treiber is a 5-star analyst with an average return of 23.3% and a 75.5% success rate. Treiber covers the Technology sector, focusing on stocks such as Enghouse Systems, Sierra Wireless, and BlackBerry.
Currently, the analyst consensus on CGI Group is a Strong Buy with an average price target of $79.77.
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