There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Sprout Social (SPT – Research Report), Instructure Holdings (INST – Research Report) and RingCentral (RNG – Research Report) with bullish sentiments.
Sprout Social (SPT)
In a report released today, Scott Berg from Needham maintained a Buy rating on Sprout Social, with a price target of $75.00. The company’s shares closed last Tuesday at $64.48, close to its 52-week high of $68.41.
According to TipRanks.com, Berg is a 1-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sprout Social with a $73.75 average price target, which is a 16.4% upside from current levels. In a report issued on February 7, Jefferies also initiated coverage with a Buy rating on the stock with a $76.00 price target.
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Instructure Holdings (INST)
Needham analyst Ryan MacDonald reiterated a Buy rating on Instructure Holdings today and set a price target of $32.00. The company’s shares closed last Tuesday at $23.59, close to its 52-week low of $22.99.
According to TipRanks.com, MacDonald is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Instructure Holdings with a $30.75 average price target, a 27.6% upside from current levels. In a report released today, Jefferies also maintained a Buy rating on the stock with a $30.00 price target.
RingCentral (RNG)
In a report released yesterday, Ryan MacWilliams from Barclays assigned a Buy rating to RingCentral, with a price target of $45.00. The company’s shares closed last Tuesday at $30.86.
According to TipRanks.com, MacWilliams is a 5-star analyst with an average return of
RingCentral has an analyst consensus of Moderate Buy, with a price target consensus of $38.82, which is a 28.8% upside from current levels. In a report released today, William Blair also maintained a Buy rating on the stock.
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