Companies in the Technology sector have received a lot of coverage today as analysts weigh in on PTC Inc. (NASDAQ: PTC), Qlik Technologies Inc. (NASDAQ: QLIK) and Shopify Inc. (NYSE: SHOP).
PTC Inc. (NASDAQ: PTC)
In a report issued on July 11, Matthew Hedberg from RBC Capital assigned a Buy rating to PTC Inc (NASDAQ: PTC), with a price target of $44. The company’s shares closed yesterday at $38.77, close to its 52-week high of $39.63.
According to TipRanks.com, Hedberg is a 3-star analyst with an average return of 2.3% and a 52.0% success rate. Hedberg covers the Technology sector, focusing on stocks such as Verint Systems Inc., Palo Alto Networks, and Informatica Corp.
PTC Inc has an analyst consensus of Moderate Buy
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Qlik Technologies Inc. (NASDAQ: QLIK)
In a report issued on July 11, Matthew Hedberg from RBC Capital reiterated a Hold rating on Qlik Technologies (NASDAQ: QLIK), with a price target of $31. The company’s shares closed yesterday at $29.97.
According to TipRanks.com, Hedberg is a 3-star analyst with an average return of 2.3% and a 52.0% success rate. Hedberg covers the Technology sector, focusing on stocks such as Verint Systems Inc., Palo Alto Networks, and Informatica Corp.
Currently, the analyst consensus on Qlik Technologies is Hold and the average price target is $31.42, representing a 4.8% upside.
In a report issued on June 27, BMO Capital also maintained a Hold rating on the stock.
Shopify Inc. (NYSE: SHOP)
In a report issued on July 11, Ross MacMillan from RBC Capital reiterated a Buy rating on Shopify (NYSE: SHOP), with a price target of $37. The company’s shares closed yesterday at $32.49.
According to TipRanks.com, MacMillan is a top 100 analyst with an average return of 15.9% and a 83.2% success rate. MacMillan covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Concur Technologies, and Intralinks Holdings.
Currently, the analyst consensus on Shopify is Strong Buy and the average price target is $35, representing a 7.7% upside.
In a report issued on June 27, KeyBanc also assigned a Buy rating to the stock with a $37 price target.