There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Shopify (SHOP – Research Report), Wix (WIX – Research Report) and Euronet Worldwide (EEFT – Research Report) with bullish sentiments.
Shopify (SHOP)
In a report released today, Jeff Cantwell from Seaport Global maintained a Buy rating on Shopify, with a price target of $80.00. The company’s shares closed last Monday at $58.91.
According to TipRanks.com, Cantwell is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shopify with a $77.20 average price target, which is a 31.1% upside from current levels. In a report issued on May 8, Robert W. Baird also maintained a Buy rating on the stock with a $77.00 price target.
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Wix (WIX)
In a report released today, Aaron Kessler from Seaport Global reiterated a Buy rating on Wix, with a price target of $183.00. The company’s shares closed last Monday at $168.02, close to its 52-week high of $170.42.
According to TipRanks.com, Kessler is a top 100 analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wix with a $179.00 average price target, implying a 17.8% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock.
Euronet Worldwide (EEFT)
In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Euronet Worldwide, with a price target of $125.00. The company’s shares closed last Monday at $114.89, close to its 52-week high of $121.55.
According to TipRanks.com, Grondahl 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 Euronet Worldwide with a $128.14 average price target.
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Read More on SHOP:
- Shopify Stock (NYSE:SHOP) Remains Expensive, Even after Q1 Earnings Plunge
- Cathie Wood’s ARK Investment buys 105K shares of Shopify today
- Shopify (TSE:SHOP) Slips despite Expanded Partnership with Avalara
- Shopify participates in a conference call with Loop Capital
- Cathie Wood’s ARK Investment buys 314K shares of Shopify today
