Wall Street Analysts Are Neutral on Top Technology Picks


Analysts fell to the sidelines weighing in on Paycom (PAYC), FireEye Inc (FEYE) and Shopify (SHOP) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Paycom (PAYC)

In a report issued on July 31, Raimo Lenschow from Barclays maintained a Hold rating on Paycom, with a price target of $239. The company’s shares closed on Friday at $236.52, close to its 52-week high of $246.85.

According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 20.8% and a 75.0% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Slack Technologies Inc, and Cornerstone Ondemand.

Currently, the analyst consensus on Paycom is a Moderate Buy with an average price target of $252, which is a 6.5% upside from current levels. In a report issued on July 19, Jefferies also downgraded the stock to Hold with a $233 price target.

See today’s analyst top recommended stocks >>

FireEye Inc (FEYE)

In a report issued on July 31, Saket Kalia from Barclays maintained a Hold rating on FireEye Inc, with a price target of $17. The company’s shares closed on Friday at $13.76, close to its 52-week low of $13.69.

According to TipRanks.com, Kalia is a 5-star analyst with an average return of 11.8% and a 55.5% success rate. Kalia covers the Technology sector, focusing on stocks such as CyberArk Software, SecureWorks Corp, and Varonis Systems.

FireEye Inc has an analyst consensus of Moderate Buy, with a price target consensus of $20, a 45.3% upside from current levels. In a report issued on July 31, Wedbush also maintained a Hold rating on the stock with a $15 price target.

Shopify (SHOP)

Barclays analyst Deepak Mathivanan maintained a Hold rating on Shopify on August 1 and set a price target of $335. The company’s shares closed on Friday at $332.19, close to its 52-week high of $350.79.

According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 20.2% and a 66.3% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Wix.com Ltd, and Yelp Inc.

Shopify has an analyst consensus of Moderate Buy, with a price target consensus of $342.40, representing a 3.1% upside. In a report issued on July 21, Roth Capital also maintained a Hold rating on the stock with a $300 price target.

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