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Analysts Offer Insights on Technology Companies: Jack Henry & Associates (JKHY), MeridianLink (MLNK) and Shopify (SHOP)

Analysts have been eager to weigh in on the Technology sector with new ratings on Jack Henry & Associates (JKHYResearch Report), MeridianLink (MLNKResearch Report) and Shopify (SHOPResearch Report).

Jack Henry & Associates (JKHY)

Bank of America Securities analyst Jason Kupferberg maintained a Buy rating on Jack Henry & Associates yesterday and set a price target of $200.00. The company’s shares closed last Wednesday at $165.59.

According to TipRanks.com, Kupferberg is a 2-star analyst with an average return of 0.3% and a 56.2% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Fidelity National Info, Thoughtworks Holding, and Shift4 Payments.

The word on The Street in general, suggests a Hold analyst consensus rating for Jack Henry & Associates with a $182.63 average price target, which is a 9.4% upside from current levels. In a report issued on April 30, D.A. Davidson also maintained a Buy rating on the stock.

See today’s best-performing stocks on TipRanks >>

MeridianLink (MLNK)

In a report released yesterday, Koji Ikeda from Bank of America Securities reiterated a Buy rating on MeridianLink, with a price target of $25.00. The company’s shares closed last Wednesday at $17.62.

According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 14.8% and a 55.7% success rate. Ikeda covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, ZoomInfo Technologies, and BigCommerce Holdings.

MeridianLink has an analyst consensus of Hold, with a price target consensus of $20.60.

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 $78.00. The company’s shares closed last Wednesday at $62.73.

According to TipRanks.com, Sills is a 4-star analyst with an average return of 3.5% and a 48.4% success rate. Sills covers the Technology sector, focusing on stocks such as AvidXchange Holdings, Bill.com Holdings, and Salesforce.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shopify with a $81.56 average price target, which is a 28.1% upside from current levels. In a report released yesterday, Piper Sandler also upgraded the stock to Hold with a $63.00 price target.

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