Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Square Inc (NYSE: SQ) and Zendesk (NYSE: ZEN).
Square Inc (NYSE: SQ)
Canaccord Genuity analyst Michael Graham reiterated a Hold rating on Square Inc (NYSE: SQ) yesterday and set a price target of $18. The company’s shares opened today at $19.56, close to its 52-week high of $20.69.
According to TipRanks.com, Graham is a 5-star analyst with an average return of 12.7% and a 59.8% success rate. Graham covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, The Meet Group Inc, and Spark Networks Plc.
Currently, the analyst consensus on Square Inc is Moderate Buy and the average price target is $20.50, representing a 4.8% upside.
In a report released today, BTIG also downgraded the stock to Hold with a $20 price target.
Zendesk (NYSE: ZEN)
In a report released yesterday, David Hynes from Canaccord Genuity reiterated a Buy rating on Zendesk (NYSE: ZEN), with a price target of $34. The company’s shares opened today at $25.09.
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 28.8% and a 71.3% success rate. Hynes covers the Technology sector, focusing on stocks such as Nuance Communications, Ultimate Software, and Top Image Systems.
Currently, the analyst consensus on Zendesk is Strong Buy and the average price target is $34.33, representing a 36.8% upside.
In a report issued on May 4, KeyBanc also reiterated a Buy rating on the stock with a $35 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.