Wall Street Analysts Are Bullish on Top Technology Picks

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Zendesk (ZENResearch Report) and Rambus (RMBSResearch Report) with bullish sentiments.

Zendesk (ZEN)

Guggenheim analyst Kenneth Wong maintained a Buy rating on Zendesk on July 26 and set a price target of $180.00. The company’s shares closed last Tuesday at $127.21.

According to TipRanks.com, Wong is a 5-star analyst with an average return of 28.5% and a 72.2% success rate. Wong covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Altair Engineering, and Progress Software.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zendesk with a $180.63 average price target, implying a 40.0% upside from current levels. In a report issued on July 27, Jefferies also assigned a Buy rating to the stock with a $185.00 price target.

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