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 DraftKings (DKNGResearch Report) and Accolade (ACCDResearch Report) with bullish sentiments.

DraftKings (DKNG)

In a report released today, Bernie McTernan from Needham maintained a Buy rating on DraftKings, with a price target of $73.00. The company’s shares closed last Tuesday at $52.77.

According to TipRanks.com, McTernan is a 4-star analyst with an average return of 16.5% and a 65.8% success rate. McTernan covers the Technology sector, focusing on stocks such as Genius Sports Limited, Fiverr International, and Zillow Group Class C.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for DraftKings with a $72.43 average price target, representing a 29.3% upside. In a report issued on September 9, Macquarie also maintained a Buy rating on the stock with a $75.00 price target.

See today’s analyst top recommended stocks >>

Accolade (ACCD)

Needham analyst Ryan MacDonald maintained a Buy rating on Accolade today and set a price target of $68.00. The company’s shares closed last Tuesday at $44.40.

According to TipRanks.com, MacDonald is a top 100 analyst with an average return of 37.9% and a 68.8% success rate. MacDonald covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Momentive Global, and Coupa Software.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Accolade with a $61.90 average price target, a 40.6% upside from current levels. In a report issued on September 16, Robert W. Baird also upgraded the stock to Buy with a $54.00 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.