There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Pure Storage (PSTG – Research Report) and Zscaler (ZS – Research Report) with bullish sentiments.
Pure Storage (PSTG)
In a report released today, Mehdi Hosseini from Susquehanna reiterated a Buy rating on Pure Storage, with a price target of $44.00. The company’s shares closed last Thursday at $37.60, close to its 52-week high of $37.68.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 12.6% and a 58.8% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.
Currently, the analyst consensus on Pure Storage is a Strong Buy with an average price target of $38.17, implying a 3.4% upside from current levels. In a report issued on June 1, KeyBanc also maintained a Buy rating on the stock with a $40.00 price target.
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Zscaler (ZS)
In a report released yesterday, Keith Bachman from BMO Capital maintained a Buy rating on Zscaler, with a price target of $175.00. The company’s shares closed last Thursday at $158.34.
According to TipRanks.com, Bachman is a 5-star analyst with an average return of 7.8% and a 57.9% success rate. Bachman covers the Technology sector, focusing on stocks such as International Business Machines, CrowdStrike Holdings, and Rackspace Technology.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zscaler with a $166.56 average price target, a 7.4% upside from current levels. In a report issued on June 7, Oppenheimer also initiated coverage with a Buy rating on the stock with a $180.00 price target.
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