Analysts Offer Insights on Technology Companies: InterDigital (NASDAQ: IDCC) and Alteryx (NYSE: AYX)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on InterDigital (IDCCResearch Report) and Alteryx (AYXResearch Report) with bullish sentiments.

InterDigital (IDCC)

B.Riley FBR analyst Eric Wold reiterated a Buy rating on InterDigital today and set a price target of $90.00. The company’s shares closed last Thursday at $56.24.

According to TipRanks.com, Wold is ranked 0 out of 5 stars with an average return of -19.7% and a 23.2% success rate. Wold covers the Services sector, focusing on stocks such as Dolby Laboratories, National Cinemedia, and Cinemark Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for InterDigital with a $90.00 average price target.

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Alteryx (AYX)

In a report released today, Bradley Sills from Merrill Lynch reiterated a Buy rating on Alteryx, with a price target of $125.00. The company’s shares closed last Thursday at $115.00.

According to TipRanks.com, Sills is a 5-star analyst with an average return of 14.1% and a 68.5% success rate. Sills covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Coupa Software, and Veeva Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alteryx with a $130.50 average price target, a 13.5% upside from current levels. In a report issued on April 27, Needham also maintained a Buy rating on the stock with a $152.00 price target.

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