Companies in the Technology sector have received a lot of coverage today as analysts weigh in on International Business Machines (IBM – Research Report), ServiceNow (NOW – Research Report) and Concentrix (CNXC – Research Report).
International Business Machines (IBM)
In a report released yesterday, Keith Bachman from BMO Capital maintained a Hold rating on International Business Machines, with a price target of $210.00. The company’s shares closed last Wednesday at $173.93, close to its 52-week high of $174.86.
According to TipRanks.com, Bachman is a 5-star analyst with an average return of
Currently, the analyst consensus on International Business Machines is a Hold with an average price target of $177.15, implying a 1.4% upside from current levels. In a report issued on January 10, DBS also maintained a Hold rating on the stock with a $180.00 price target.
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ServiceNow (NOW)
Piper Sandler analyst Rob Owens maintained a Buy rating on ServiceNow today and set a price target of $830.00. The company’s shares closed last Wednesday at $763.42, close to its 52-week high of $775.96.
According to TipRanks.com, Owens is a top 100 analyst with an average return of
ServiceNow has an analyst consensus of Strong Buy, with a price target consensus of $824.04, implying a 6.9% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $850.00 price target.
Concentrix (CNXC)
Canaccord Genuity analyst Joseph Vafi maintained a Buy rating on Concentrix yesterday and set a price target of $125.00. The company’s shares closed last Wednesday at $103.90.
According to TipRanks.com, Vafi is a 5-star analyst with an average return of
Currently, the analyst consensus on Concentrix is a Moderate Buy with an average price target of $114.00.
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