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Analysts Offer Insights on Technology Companies: Paylocity (PCTY) and Enthusiast Gaming Holdings (EGLX)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Paylocity (PCTYResearch Report) and Enthusiast Gaming Holdings (EGLXResearch Report) with bullish sentiments.

Paylocity (PCTY)

Needham analyst Scott Berg maintained a Buy rating on Paylocity today and set a price target of $325.00. The company’s shares closed last Wednesday at $249.19.

According to TipRanks.com, Berg is a 4-star analyst with an average return of 3.0% and a 43.7% success rate. Berg covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, BigCommerce Holdings, and Bill.com Holdings.

Currently, the analyst consensus on Paylocity is a Strong Buy with an average price target of $277.85.

See Insiders’ Hot Stocks on TipRanks >>

Enthusiast Gaming Holdings (EGLX)

In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on Enthusiast Gaming Holdings, with a price target of $4.00. The company’s shares closed last Wednesday at $1.12, close to its 52-week low of $1.10.

According to TipRanks.com, Buck is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.0% and a 35.1% success rate. Buck covers the Technology sector, focusing on stocks such as Sigma Additive Solutions, Intellicheck Mobilisia, and NexTech AR Solutions.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enthusiast Gaming Holdings with a $4.60 average price target.

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