There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Pegasystems (PEGA) and DraftKings (DKNG) with bullish sentiments.
Pegasystems (PEGA)
In a report released today, Jack Andrews from Needham reiterated a Buy rating on Pegasystems, with a price target of $169.00. The company’s shares closed last Friday at $132.35, close to its 52-week high of $148.80.
According to TipRanks.com, Andrews is a 5-star analyst with an average return of 28.8% and a 64.9% success rate. Andrews covers the Technology sector, focusing on stocks such as CommVault Systems, LiveRamp Holdings, and ServiceNow.
Pegasystems has an analyst consensus of Strong Buy, with a price target consensus of $166.50, a 26.6% upside from current levels. In a report issued on February 18, Macquarie also maintained a Buy rating on the stock with a $164.00 price target.
See today’s analyst top recommended stocks >>
DraftKings (DKNG)
In a report released today, Greg Gibas from Northland Securities maintained a Buy rating on DraftKings, with a price target of $70.00. The company’s shares closed last Friday at $61.53, close to its 52-week high of $64.78.
Gibas has an average return of 76.8% when recommending DraftKings.
According to TipRanks.com, Gibas is ranked #166 out of 7333 analysts.
Currently, the analyst consensus on DraftKings is a Moderate Buy with an average price target of $68.26, which is a 13.8% upside from current levels. In a report issued on February 18, Oppenheimer also assigned a Buy rating to the stock with a $80.00 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 DKNG:
