There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Five9 (FIVN) and Intel (INTC) with bullish sentiments.
Five9 (FIVN)
Needham analyst Scott Berg assigned a Buy rating to Five9 today and set a price target of $200.00. The company’s shares closed last Wednesday at $173.69, close to its 52-week high of $187.99.
According to TipRanks.com, Berg is a top 25 analyst with an average return of 30.9% and a 74.8% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, BigCommerce Holdings, and Cornerstone Ondemand.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Five9 with a $177.17 average price target, a 2.0% upside from current levels. In a report issued on January 12, Piper Sandler also maintained a Buy rating on the stock with a $206.00 price target.
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Intel (INTC)
Intel received a Buy rating and a $70.00 price target from Needham analyst Quinn Bolton today. The company’s shares closed last Wednesday at $56.95.
According to TipRanks.com, Bolton is a top 25 analyst with an average return of 45.6% and a 80.5% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Ultra Clean Holdings, and Axcelis Technologies.
Intel has an analyst consensus of Hold, with a price target consensus of $57.09, which is a 0.2% upside from current levels. In a report issued on January 3, Mizuho Securities also maintained a Buy rating on the stock with a $60.00 price target.
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