Analysts have been eager to weigh in on the Technology sector with new ratings on Square (SQ), Alliance Data Systems (ADS) and Inovalon (INOV).
Square (SQ)
In a report released today, James Faucette from Morgan Stanley maintained a Hold rating on Square, with a price target of $203.00. The company’s shares closed last Monday at $206.06, close to its 52-week high of $215.00.
According to TipRanks.com, Faucette is a 5-star analyst with an average return of 17.2% and a 84.9% success rate. Faucette covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, DXC Technology Company, and Fidelity National Info.
Currently, the analyst consensus on Square is a Moderate Buy with an average price target of $191.80.
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Alliance Data Systems (ADS)
In a report released today, Jeffrey Adelson from Morgan Stanley maintained a Buy rating on Alliance Data Systems, with a price target of $115.00. The company’s shares closed last Monday at $73.64.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alliance Data Systems with a $72.50 average price target, representing a -2.8% downside. In a report issued on November 17, RBC Capital also maintained a Buy rating on the stock with a $79.00 price target.
Inovalon (INOV)
In a report released today, Ricky Goldwasser from Morgan Stanley maintained a Hold rating on Inovalon, with a price target of $23.00. The company’s shares closed last Monday at $18.91.
According to TipRanks.com, Goldwasser is a 5-star analyst with an average return of 17.3% and a 67.8% success rate. Goldwasser covers the Healthcare sector, focusing on stocks such as Oak Street Health, AmerisourceBergen, and 1Life Healthcare.
Inovalon has an analyst consensus of Hold, with a price target consensus of $23.00.
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