Wall Street Analysts Are Neutral on Top Technology Picks

Analysts fell to the sidelines weighing in on RingCentral (NYSE: RNG) and Infosys Limited (NYSE: INFY) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

RingCentral (NYSE: RNG)

In a report issued on November 9, William Power from Robert W. Baird reiterated a Hold rating on RingCentral (NYSE: RNG), with a price target of $44. The company’s shares closed yesterday at $46.15, close to its 52-week high of $47.95.

According to TipRanks.com, Power is a 4-star analyst with an average return of 7.0% and a 58.2% success rate. Power covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Vonage Holdings, and Microsoft Corp.

RingCentral has an analyst consensus of Strong Buy, with a price target consensus of $48.57.

Infosys Limited (NYSE: INFY)

In a report released yesterday, David Koning from Robert W. Baird reiterated a Hold rating on Infosys Limited (NYSE: INFY), with a price target of $16. The company’s shares closed yesterday at $15.01.

According to TipRanks.com, Koning is a top 100 analyst with an average return of 17.2% and a 85.9% success rate. Koning covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Sykes Enterprises Inc.

Infosys Limited has an analyst consensus of Hold, with a price target consensus of $15.53.

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