There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Autodesk (ADSK) and Cornerstone Ondemand (CSOD) with bullish sentiments.
Autodesk (ADSK)
In a report released today, Saket Kalia from Barclays maintained a Buy rating on Autodesk, with a price target of $212.00. The company’s shares closed last Monday at $191.52.
According to TipRanks.com, Kalia is a 5-star analyst with an average return of 10.0% and a 56.6% success rate. Kalia covers the Technology sector, focusing on stocks such as Nuance Communications, Ping Identity Holding, and CyberArk Software.
Autodesk has an analyst consensus of Moderate Buy, with a price target consensus of $209.65, representing a 6.7% upside. In a report issued on February 19, Robert W. Baird also initiated coverage with a Buy rating on the stock with a $250.00 price target.
See today’s analyst top recommended stocks >>
Cornerstone Ondemand (CSOD)
In a report released today, Raimo Lenschow from Barclays maintained a Buy rating on Cornerstone Ondemand, with a price target of $68.00. The company’s shares closed last Monday at $39.39, close to its 52-week low of $38.66.
According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 20.1% and a 74.7% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, Slack Technologies, and Citrix Systems.
Currently, the analyst consensus on Cornerstone Ondemand is a Moderate Buy with an average price target of $63.14, implying a 45.8% upside from current levels. In a report issued on February 19, Needham also maintained a Buy rating on the stock with a $70.00 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.
