Analysts Offer Insights on Technology Companies: Block (SQ), Cadence Design (CDNS) and Zeta Global Holdings Corp (ZETA)

Analysts have been eager to weigh in on the Technology sector with new ratings on Block (SQ – Research Report), Cadence Design (CDNS – Research Report) and Zeta Global Holdings Corp (ZETA – Research Report).

Block (SQ)

Morgan Stanley analyst James Faucette downgraded Block to Sell today and set a price target of $60.00. The company’s shares closed last Wednesday at $79.65, close to its 52-week high of $87.52.

According to TipRanks.com, Faucette is a 5-star analyst with an average return of 7.2% and a 65.6% success rate. Faucette covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions, Clearwater Analytics Holdings, and SS&C Technologies Holdings.

Block has an analyst consensus of Strong Buy, with a price target consensus of $90.53.

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Cadence Design (CDNS)

Cadence Design received a Hold rating and a $334.00 price target from Piper Sandler analyst Clarke Jeffries today. The company’s shares closed last Wednesday at $310.58, close to its 52-week high of $327.36.

According to TipRanks.com, Jeffries is a 3-star analyst with an average return of 2.3% and a 51.0% success rate. Jeffries covers the Technology sector, focusing on stocks such as Aspen Technology, Inc., Tyler Technologies, and SEMrush Holdings.

Currently, the analyst consensus on Cadence Design is a Moderate Buy with an average price target of $322.82.

Zeta Global Holdings Corp (ZETA)

Morgan Stanley analyst Elizabeth Porter upgraded Zeta Global Holdings Corp to Buy today and set a price target of $17.00. The company’s shares closed last Wednesday at $10.53.

According to TipRanks.com, Porter is a 1-star analyst with an average return of -6.7% and a 42.1% success rate. Porter covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, Freshworks, and Amplitude.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zeta Global Holdings Corp with a $14.72 average price target.

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