Analysts have been eager to weigh in on the Technology sector with new ratings on Zynga (ZNGA), Paycom (PAYC) and Qorvo (QRVO).
Zynga (ZNGA)
In a report released yesterday, Brian Fitzgerald from Wells Fargo maintained a Hold rating on Zynga. The company’s shares closed last Wednesday at $9.87, close to its 52-week high of $10.69.
According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 36.7% and a 80.7% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as LiveRamp Holdings, ANGI Homeservices, and Uber Technologies.
Zynga has an analyst consensus of Moderate Buy, with a price target consensus of $11.63.
See today’s analyst top recommended stocks >>
Paycom (PAYC)
Needham analyst Ryan MacDonald reiterated a Buy rating on Paycom today and set a price target of $455.00. The company’s shares closed last Wednesday at $397.43, close to its 52-week high of $397.84.
According to TipRanks.com, MacDonald is a top 100 analyst with an average return of 40.4% and a 80.9% success rate. MacDonald covers the Technology sector, focusing on stocks such as Verint Systems, ChannelAdvisor, and Coupa Software.
Currently, the analyst consensus on Paycom is a Moderate Buy with an average price target of $385.33, implying a 1.4% upside from current levels. In a report issued on October 23, KeyBanc also resumed coverage with a Buy rating on the stock with a $475.00 price target.
Qorvo (QRVO)
Oppenheimer analyst Rick Schafer assigned a Buy rating to Qorvo today and set a price target of $170.00. The company’s shares closed last Wednesday at $133.74, close to its 52-week high of $140.69.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 19.4% and a 78.3% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Akoustis Technologies, and NXP Semiconductors.
Currently, the analyst consensus on Qorvo is a Strong Buy with an average price target of $151.86, implying a 16.2% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $155.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on QRVO:
