Analysts’ Top Technology Picks: Clarivate (CLVT), Microsoft (MSFT)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Clarivate (CLVT – Research Report), Microsoft (MSFT – Research Report) and Axon Enterprise (AXON – Research Report) with bullish sentiments.

Clarivate (CLVT)

Clarivate received a Buy rating and an $8.50 price target from Jefferies analyst Surinder Thind today. The company’s shares closed last Friday at $6.77, close to its 52-week low of $6.07.

According to TipRanks.com, Thind is a 5-star analyst with an average return of 10.2% and a 59.3% success rate. Thind covers the Financial sector, focusing on stocks such as Dun & Bradstreet Holdings, Verisk Analytics, and Factset Research.

Clarivate has an analyst consensus of Hold, with a price target consensus of $8.60.

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Microsoft (MSFT)

In a report released today, Gil Luria from D.A. Davidson maintained a Buy rating on Microsoft. The company’s shares closed last Friday at $327.73.

According to TipRanks.com, Luria is a 5-star analyst with an average return of 13.7% and a 63.5% success rate. Luria covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, ZoomInfo Technologies, and Palantir Technologies.

Microsoft has an analyst consensus of Strong Buy, with a price target consensus of $397.19, a 19.5% upside from current levels. In a report issued on October 6, UBS also reiterated a Buy rating on the stock with a $400.00 price target.

Axon Enterprise (AXON)

Craig-Hallum analyst Jeremy Hamblin maintained a Buy rating on Axon Enterprise today. The company’s shares closed last Friday at $215.43, close to its 52-week high of $229.95.

According to TipRanks.com, Hamblin is a 2-star analyst with an average return of -0.7% and a 42.2% success rate. Hamblin covers the NA sector, focusing on stocks such as GEN Restaurant Group, Inc. Class A, Ollie’s Bargain Outlet Holding, and Carrols Restaurant Group.

Currently, the analyst consensus on Axon Enterprise is a Strong Buy with an average price target of $236.00, representing an 8.9% upside. In a report issued on October 4, JMP Securities also reiterated a Buy rating on the stock with a $235.00 price target.

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Read More on CLVT:

• Clarivate selected by Yale to provide library services, discovery platforms
• Clarivate price target lowered to $8 from $10 at Citi
• Clarivate creates Academia & Government Innovation Incubator, acquires Alethea
• Clarivate terminates tax benefits preservation plan
• Clarivate downgraded to Underweight from Equal Weight at Barclays