Analysts have been eager to weigh in on the Technology sector with new ratings on Zscaler (ZS – Research Report), Autodesk (ADSK – Research Report) and Elastic (ESTC – Research Report).
Zscaler (ZS)
In a report released yesterday, Tal Liani from Bank of America Securities maintained a Buy rating on Zscaler, with a price target of $265.00. The company’s shares closed last Thursday at $241.97, close to its 52-week high of $259.61.
According to TipRanks.com, Liani 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 Zscaler with a $262.54 average price target, which is a 9.2% upside from current levels. In a report issued on February 16, TD Cowen also maintained a Buy rating on the stock with a $270.00 price target.
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Autodesk (ADSK)
Bank of America Securities analyst Michael Funk reiterated a Hold rating on Autodesk yesterday and set a price target of $300.00. The company’s shares closed last Thursday at $258.17, close to its 52-week high of $269.53.
According to TipRanks.com, Funk is a 3-star analyst with an average return of
Currently, the analyst consensus on Autodesk is a Moderate Buy with an average price target of $266.14, representing a 3.8% upside. In a report issued on February 20, Deutsche Bank also reiterated a Hold rating on the stock with a $225.00 price target.
Elastic (ESTC)
Bank of America Securities analyst Koji Ikeda reiterated a Buy rating on Elastic yesterday and set a price target of $150.00. The company’s shares closed last Thursday at $133.81.
According to TipRanks.com, Ikeda is a 5-star analyst with an average return of
Currently, the analyst consensus on Elastic is a Moderate Buy with an average price target of $137.31, a 6.4% upside from current levels. In a report issued on February 15, Scotiabank also initiated coverage with a Buy rating on the stock with a $185.00 price target.
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