There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Wix (WIX – Research Report) and Zoom Video Communications (ZM – Research Report) with bullish sentiments.
Wix (WIX)
Benchmark Co. analyst Mark Zgutowicz reiterated a Buy rating on Wix today and set a price target of $210.00. The company’s shares closed last Monday at $168.02, close to its 52-week high of $170.42.
According to TipRanks.com, Zgutowicz 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 Wix with a $175.35 average price target, a 15.4% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock.
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Zoom Video Communications (ZM)
RBC Capital analyst Rishi Jaluria maintained a Buy rating on Zoom Video Communications yesterday and set a price target of $95.00. The company’s shares closed last Monday at $64.09.
According to TipRanks.com, Jaluria is a 4-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Zoom Video Communications with a $77.21 average price target, implying a 20.4% upside from current levels. In a report issued on May 17, Robert W. Baird also assigned a Buy rating to the stock with a $90.00 price target.
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