There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Square (SQ) and Alarm (ALRM) with bullish sentiments.
Square (SQ)
In a report released today, Mayank Tandon from Needham reiterated a Buy rating on Square, with a price target of $105.00. The company’s shares closed last Monday at $76.59.
According to TipRanks.com, Tandon is a 5-star analyst with an average return of 17.3% and a 64.1% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Sapiens International.
Square has an analyst consensus of Moderate Buy, with a price target consensus of $80.10, implying a 3.1% upside from current levels. In a report issued on February 19, KeyBanc also maintained a Buy rating on the stock with a $90.00 price target.
See today’s analyst top recommended stocks >>
Alarm (ALRM)
In a report released today, Jeff Kessler from Imperial Capital maintained a Buy rating on Alarm, with a price target of $59.00. The company’s shares closed last Monday at $48.03.
Kessler has an average return of 17.3% when recommending Alarm.
According to TipRanks.com, Kessler is ranked #697 out of 5940 analysts.
Currently, the analyst consensus on Alarm is a Moderate Buy with an average price target of $62.33, implying a 30.3% upside from current levels. In a report released today, Maxim Group also reiterated a Buy rating on the stock with a $79.00 price target.
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