Analysts’ Top Technology Picks: ACI Worldwide (ACIW), Rumble (RUM)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on ACI Worldwide (ACIW – Research Report), Rumble (RUM – Research Report) and D-Wave Quantum (QBTS – Research Report) with bullish sentiments.

ACI Worldwide (ACIW)

In a report released today, Peter Heckmann from D.A. Davidson maintained a Buy rating on ACI Worldwide, with a price target of $34.00. The company’s shares closed last Friday at $25.61.

According to TipRanks.com, Heckmann is a 3-star analyst with an average return of 2.6% and a 51.7% success rate. Heckmann covers the Technology sector, focusing on stocks such as Donnelley Financial Solutions, SS&C Technologies Holdings, and Duck Creek Technologies.

ACI Worldwide has an analyst consensus of Strong Buy, with a price target consensus of $35.00.

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Rumble (RUM)

D.A. Davidson analyst Tom Forte reiterated a Buy rating on Rumble today and set a price target of $15.00. The company’s shares closed last Friday at $8.68.

According to TipRanks.com, Forte is a 5-star analyst with an average return of 14.0% and a 51.4% success rate. Forte covers the Consumer Goods sector, focusing on stocks such as The Lovesac Company, CarParts.com Inc, and iMedia Brands.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rumble with a $15.00 average price target.

D-Wave Quantum (QBTS)

In a report released today, David Williams from Benchmark Co. maintained a Buy rating on D-Wave Quantum, with a price target of $2.00. The company’s shares closed last Friday at $0.56, close to its 52-week low of $0.49.

According to TipRanks.com, Williams is a 3-star analyst with an average return of 3.7% and a 50.9% success rate. Williams covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Lattice Semiconductor, and Power Integrations.

Currently, the analyst consensus on D-Wave Quantum is a Moderate Buy with an average price target of $2.00, which is a 233.3% upside from current levels. In a report issued on April 17, Craig-Hallum also maintained a Buy rating on the stock with a $2.00 price target.

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Read More on ACIW:

• Motive Partners in talks to buy ACI Worldwide, Bloomberg says
• ACI Worldwide partners with RedAbierta for real-time payments in Honduras
• ACI Worldwide price target raised to $34 from $29 at DA Davidson
• ACI Worldwide sees FY23 revenue $1.436B-$1.466B, consensus $1.44B
• ACI Worldwide reports Q4 EPS 81c, consensus 91c