There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Zuora (ZUO), Autodesk (ADSK) and Zillow Group (ZG) with bullish sentiments.
Zuora (ZUO)
In a report released yesterday, Joseph Vafi from Canaccord Genuity maintained a Buy rating on Zuora, with a price target of $19.00. The company’s shares closed last Wednesday at $12.59.
According to TipRanks.com, Vafi is a 5-star analyst with an average return of 23.3% and a 72.9% success rate. Vafi covers the Technology sector, focusing on stocks such as Fidelity National Info, Paypal Holdings, and Coupa Software.
Zuora has an analyst consensus of Hold, with a price target consensus of $12.83.
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Autodesk (ADSK)
Canaccord Genuity analyst David Hynes maintained a Buy rating on Autodesk today and set a price target of $260.00. The company’s shares closed last Wednesday at $226.39, close to its 52-week high of $227.39.
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 32.9% and a 78.1% success rate. Hynes covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Bill.com Holdings, and Upland Software.
Currently, the analyst consensus on Autodesk is a Moderate Buy with an average price target of $209.13, representing a -5.3% downside. In a report issued on May 20, Barclays also maintained a Buy rating on the stock with a $220.00 price target.
Zillow Group (ZG)
SunTrust Robinson analyst Naved Khan maintained a Buy rating on Zillow Group today and set a price target of $68.00. The company’s shares closed last Wednesday at $62.13, close to its 52-week high of $66.96.
According to TipRanks.com, Khan is a 5-star analyst with an average return of 18.9% and a 70.2% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, CarGurus, and GoDaddy.
Currently, the analyst consensus on Zillow Group is a Moderate Buy with an average price target of $48.00, implying a -20.0% downside from current levels. In a report issued on May 26, D.A. Davidson also maintained a Buy rating on the stock with a $66.00 price target.
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