There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Trade Desk (TTD – Research Report), NICE (NICE – Research Report) and Activision Blizzard (ATVI – Research Report) with bullish sentiments.
Trade Desk (TTD)
RBC Capital analyst Matthew Hedberg reiterated a Buy rating on Trade Desk today and set a price target of $85.00. The company’s shares closed last Wednesday at $74.80, close to its 52-week high of $78.60.
According to TipRanks.com, Hedberg has 0 stars on 0-5 stars ranking scale with an average return of -3.0% and a 44.7% success rate. Hedberg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Tremor International, and Altair Engineering.
Currently, the analyst consensus on Trade Desk is a Strong Buy with an average price target of $76.15, which is a 0.3% upside from current levels. In a report issued on June 1, Morgan Stanley also upgraded the stock to Buy with a $90.00 price target.
See the top stocks recommended by analysts >>
NICE (NICE)
In a report released today, Rishi Jaluria from RBC Capital reiterated a Buy rating on NICE, with a price target of $238.00. The company’s shares closed last Wednesday at $211.27.
According to TipRanks.com, Jaluria is a 3-star analyst with an average return of 1.1% and a 48.4% success rate. Jaluria covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Palantir Technologies.
Currently, the analyst consensus on NICE is a Strong Buy with an average price target of $262.33, which is a 22.2% upside from current levels. In a report issued on May 30, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $244.00 price target.
Activision Blizzard (ATVI)
In a report released today, Mike Hickey from Benchmark Co. reiterated a Buy rating on Activision Blizzard, with a price target of $90.00. The company’s shares closed last Wednesday at $80.30.
According to TipRanks.com, Hickey is ranked 0 out of 5 stars with an average return of -5.3% and a 57.7% success rate. Hickey covers the Technology sector, focusing on stocks such as Sportradar Group AG, Electronic Arts, and Unity Software.
Activision Blizzard has an analyst consensus of Strong Buy, with a price target consensus of $92.14, implying a 13.9% upside from current levels. In a report issued on May 24, Truist Financial also maintained a Buy rating on the stock with a $84.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on TTD: