There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Salesforce (CRM – Research Report), Alkami Technology (ALKT – Research Report) and Pure Storage (PSTG – Research Report) with bullish sentiments.
Salesforce (CRM)
Macquarie analyst Frederick Havemeyer reiterated a Buy rating on Salesforce today and set a price target of $330.00. The company’s shares closed last Wednesday at $299.77, close to its 52-week high of $303.83.
According to TipRanks.com, Havemeyer is a 3-star analyst with an average return of
Currently, the analyst consensus on Salesforce is a Moderate Buy with an average price target of $322.85, which is a 7.8% upside from current levels. In a report released yesterday, BMO Capital also initiated coverage with a Buy rating on the stock with a $335.00 price target.
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Alkami Technology (ALKT)
In a report released today, Jacob Stephan from Lake Street reiterated a Buy rating on Alkami Technology, with a price target of $30.00. The company’s shares closed last Wednesday at $25.81, close to its 52-week high of $26.75.
According to TipRanks.com, Stephan is a 3-star analyst with an average return of
Currently, the analyst consensus on Alkami Technology is a Moderate Buy with an average price target of $27.63, a 9.1% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $30.00 price target.
Pure Storage (PSTG)
In a report released today, Eric Martinuzzi from Lake Street maintained a Buy rating on Pure Storage, with a price target of $48.00. The company’s shares closed last Wednesday at $42.12, close to its 52-week high of $45.34.
According to TipRanks.com, Martinuzzi is a 4-star analyst with an average return of
Currently, the analyst consensus on Pure Storage is a Strong Buy with an average price target of $49.93, which is a 21.8% upside from current levels. In a report issued on February 26, J.P. Morgan also maintained a Buy rating on the stock with a $40.00 price target.
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Read More on CRM:
- CRM Earnings: Salesforce Posts Upbeat Q4, Initiates Dividend
- JPMorgan software analyst holds an analyst/industry conference call
- Salesforce price target raised to $300 from $290 at Wells Fargo
- Salesforce price target raised to $325 from $265 at Citi
- Salesforce price target raised to $350 from $325 at Jefferies
