There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on CyberArk Software (CYBR – Research Report), Paylocity (PCTY – Research Report) and Dynatrace (DT – Research Report) with bullish sentiments.
CyberArk Software (CYBR)
In a report released today, Trevor J. Walsh from JMP Securities reiterated a Buy rating on CyberArk Software, with a price target of $280.00. The company’s shares closed last Thursday at $261.60, close to its 52-week high of $274.73.
According to TipRanks.com, Walsh is a 5-star analyst with an average return of
Currently, the analyst consensus on CyberArk Software is a Strong Buy with an average price target of $272.42, representing a 0.4% upside. In a report issued on January 29, Wells Fargo also maintained a Buy rating on the stock with a $275.00 price target.
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Paylocity (PCTY)
In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on Paylocity, with a price target of $250.00. The company’s shares closed last Thursday at $171.91.
According to TipRanks.com, Walravens has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Paylocity has an analyst consensus of Moderate Buy, with a price target consensus of $196.00, implying a 17.1% upside from current levels. In a report issued on February 5, BTIG also initiated coverage with a Buy rating on the stock with a $200.00 price target.
Dynatrace (DT)
JMP Securities analyst Erik Suppiger reiterated a Buy rating on Dynatrace today and set a price target of $68.00. The company’s shares closed last Thursday at $56.07.
According to TipRanks.com, Suppiger is a 5-star analyst with an average return of
Currently, the analyst consensus on Dynatrace is a Strong Buy with an average price target of $65.83, representing a 20.8% upside. In a report issued on January 28, Jefferies also maintained a Buy rating on the stock with a $70.00 price target.
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Read More on CYBR:
- CYBR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- CyberArk price target raised to $275 from $243 at Baird
- DA Davidson enterprise security analysts hold analyst/industry conference call
- CyberArk price target raised to $280 from $195 at JMP Securities
- CyberArk price target raised to $274 from $265 at KeyBanc
