There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Medallia (MDLA) and Wix (WIX) with bullish sentiments.
Medallia (MDLA)
In a report released today, Scott Berg from Needham assigned a Buy rating to Medallia, with a price target of $35.00. The company’s shares closed last Wednesday at $23.61.
According to TipRanks.com, Berg is a 5-star analyst with an average return of 15.5% and a 63.1% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Cornerstone Ondemand, and Tyler Technologies.
Currently, the analyst consensus on Medallia is a Strong Buy with an average price target of $32.13.
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Wix (WIX)
In a report released today, Tyler Wood from Northland Securities maintained a Buy rating on Wix, with a price target of $160.00. The company’s shares closed last Wednesday at $166.20, close to its 52-week high of $171.19.
According to TipRanks.com, Wood is a 2-star analyst with an average return of -1.0% and a 52.4% success rate. Wood covers the Technology sector, focusing on stocks such as Tyler Technologies, PROS Holdings, and SPS Commerce.
Wix has an analyst consensus of Strong Buy, with a price target consensus of $156.25, a -6.2% downside from current levels. In a report released today, SunTrust Robinson also assigned a Buy rating to the stock with a $167.00 price target.
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