There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Sprinklr (CXM – Research Report), AvidXchange Holdings (AVDX – Research Report) and Synopsys (SNPS – Research Report) with bullish sentiments.
Sprinklr (CXM)
In a report issued on September 8, J. Parker Lane from Stifel Nicolaus reiterated a Buy rating on Sprinklr, with a price target of $15.00. The company’s shares closed last Wednesday at $8.85, close to its 52-week low of $8.41.
According to TipRanks.com, Lane has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Currently, the analyst consensus on Sprinklr is a Strong Buy with an average price target of $15.29, which is a 73.8% upside from current levels. In a report issued on September 29, BTIG also initiated coverage with a Buy rating on the stock with a $12.00 price target.
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AvidXchange Holdings (AVDX)
In a report issued on October 6, David Koning from Robert W. Baird maintained a Buy rating on AvidXchange Holdings, with a price target of $12.00. The company’s shares closed last Wednesday at $8.14, close to its 52-week low of $5.86.
According to TipRanks.com, Koning is a 1-star analyst with an average return of
AvidXchange Holdings has an analyst consensus of Strong Buy, with a price target consensus of $11.63.
Synopsys (SNPS)
In a report issued on October 4, Joseph Vruwink from Robert W. Baird maintained a Buy rating on Synopsys, with a price target of $444.00. The company’s shares closed last Wednesday at $276.19, close to its 52-week low of $255.02.
According to TipRanks.com, Vruwink is a 1-star analyst with an average return of
Currently, the analyst consensus on Synopsys is a Strong Buy with an average price target of $430.40, which is a 54.5% upside from current levels. In a report issued on September 28, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $420.00 price target.
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