Wall Street Analysts Are Bullish on Top Technology Picks

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Palo Alto Networks (PANWResearch Report), Twilio (TWLOResearch Report) and Epam Systems (EPAMResearch Report) with bullish sentiments.

Palo Alto Networks (PANW)

In a report released today, Keith Weiss from Morgan Stanley maintained a Buy rating on Palo Alto Networks, with a price target of $515.00. The company’s shares closed last Monday at $388.50, close to its 52-week high of $403.00.

According to TipRanks.com, Weiss is a 5-star analyst with an average return of 21.0% and a 73.7% success rate. Weiss covers the Technology sector, focusing on stocks such as Palantir Technologies, Slack Technologies, and Check Point.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palo Alto Networks with a $417.68 average price target, which is a 6.4% upside from current levels. In a report issued on February 8, BTIG also maintained a Buy rating on the stock with a $460.00 price target.

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Twilio (TWLO)

Morgan Stanley analyst Meta Marshall maintained a Buy rating on Twilio today and set a price target of $500.00. The company’s shares closed last Monday at $416.48, close to its 52-week high of $457.30.

According to TipRanks.com, Marshall is a 4-star analyst with an average return of 19.4% and a 66.3% success rate. Marshall covers the Technology sector, focusing on stocks such as Zoom Video Communications, CommScope Holding, and Viavi Solutions.

Twilio has an analyst consensus of Strong Buy, with a price target consensus of $506.58, which is a 20.0% upside from current levels. In a report issued on February 9, J.P. Morgan also upgraded the stock to Buy with a $465.00 price target.

Epam Systems (EPAM)

Morgan Stanley analyst James Faucette maintained a Buy rating on Epam Systems today and set a price target of $450.00. The company’s shares closed last Monday at $360.58.

According to TipRanks.com, Faucette is a 5-star analyst with an average return of 18.3% and a 83.2% success rate. Faucette covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Fidelity National Info, and DXC Technology Company.

Epam Systems has an analyst consensus of Strong Buy, with a price target consensus of $430.00, which is a 15.6% upside from current levels. In a report issued on February 18, Needham also reiterated a Buy rating on the stock with a $460.00 price target.

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