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Analysts Offer Insights on Technology Companies: Check Point (CHKP), DocuSign (DOCU) and Cognizant (CTSH)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Check Point (CHKPResearch Report), DocuSign (DOCUResearch Report) and Cognizant (CTSHResearch Report).

Check Point (CHKP)

Bank of America Securities analyst Tal Liani reiterated a Buy rating on Check Point yesterday and set a price target of $185.00. The company’s shares closed last Tuesday at $162.45, close to its 52-week high of $163.02.

According to TipRanks.com, Liani is a 5-star analyst with an average return of 13.2% and a 60.3% success rate. Liani covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CommScope Holding.

Currently, the analyst consensus on Check Point is a Moderate Buy with an average price target of $167.35, a 3.3% upside from current levels. In a report issued on January 30, William Blair also upgraded the stock to Buy.

See the top stocks recommended by analysts >>

DocuSign (DOCU)

In a report released yesterday, Bradley Sills from Bank of America Securities reiterated a Hold rating on DocuSign, with a price target of $60.00. The company’s shares closed last Tuesday at $52.17.

According to TipRanks.com, Sills is a 4-star analyst with an average return of 7.0% and a 54.2% 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 Hold analyst consensus rating for DocuSign with a $58.80 average price target, representing a 17.9% upside. In a report released yesterday, William Blair also maintained a Hold rating on the stock.

Cognizant (CTSH)

Bank of America Securities analyst Jason Kupferberg reiterated a Sell rating on Cognizant yesterday and set a price target of $70.00. The company’s shares closed last Tuesday at $78.73, close to its 52-week high of $78.89.

According to TipRanks.com, Kupferberg is a 4-star analyst with an average return of 3.2% and a 56.6% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Shift4 Payments, and Affirm Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cognizant with a $79.00 average price target.

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