Analysts have been eager to weigh in on the Technology sector with new ratings on Shopify (SHOP – Research Report), Axcelis Technologies (ACLS – Research Report) and CyberArk Software (CYBR – Research Report).
Shopify (SHOP)
In a report released yesterday, Bradley Sills from Bank of America Securities reiterated a Hold rating on Shopify, with a price target of $75.00. The company’s shares closed last Thursday at $59.70.
According to TipRanks.com, Sills is a 4-star analyst with an average return of
Shopify has an analyst consensus of Moderate Buy, with a price target consensus of $67.53, which is a 17.2% upside from current levels. In a report issued on November 1, Exane BNP Paribas also upgraded the stock to Hold with a $69.39 price target.
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Axcelis Technologies (ACLS)
In a report released yesterday, Duksan Jang from Bank of America Securities reiterated a Buy rating on Axcelis Technologies, with a price target of $180.00. The company’s shares closed last Thursday at $128.03.
Axcelis Technologies has an analyst consensus of Strong Buy, with a price target consensus of $202.50, implying a 51.1% upside from current levels. In a report released yesterday, D.A. Davidson also maintained a Buy rating on the stock with a $175.00 price target.
CyberArk Software (CYBR)
Bank of America Securities analyst Tal Liani reiterated a Buy rating on CyberArk Software yesterday and set a price target of $198.00. The company’s shares closed last Thursday at $173.49, close to its 52-week high of $177.12.
According to TipRanks.com, Liani is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for CyberArk Software with a $194.90 average price target, a 14.6% upside from current levels. In a report issued on October 24, Truist Financial also maintained a Buy rating on the stock with a $185.00 price target.
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