There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Proofpoint Inc (PFPT) and Lyft Inc (LYFT) with bullish sentiments.
Proofpoint Inc (PFPT)
Northland Securities analyst Tim Klasell maintained a Buy rating on Proofpoint Inc today and set a price target of $160.00. The company’s shares closed last Monday at $124.45, close to its 52-week high of $133.58.
According to TipRanks.com, Klasell is a 5-star analyst with an average return of 15.8% and a 61.7% success rate. Klasell covers the Technology sector, focusing on stocks such as Tyler Technologies, Zix Corporation, and Carbonite Inc.
Proofpoint Inc has an analyst consensus of Strong Buy, with a price target consensus of $144.83, implying a 18.9% upside from current levels. In a report issued on October 11, Wedbush also reiterated a Buy rating on the stock with a $140.00 price target.
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Lyft Inc (LYFT)
Wedbush analyst Daniel Ives maintained a Buy rating on Lyft Inc today and set a price target of $75.00. The company’s shares closed last Monday at $43.72, close to its 52-week low of $37.07.
According to TipRanks.com, Ives is a 3-star analyst with an average return of 2.1% and a 50.4% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Tenable Holdings Inc, and Verint Systems Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lyft Inc with a $70.68 average price target, implying a 64.3% upside from current levels. In a report issued on October 22, SunTrust Robinson also maintained a Buy rating on the stock with a $75.00 price target.
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