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Analysts Have Conflicting Sentiments on These Technology Companies: Aspen Technology (AZPN), Automatic Data Processing (ADP) and Meta Platforms (FB)

Analysts have been eager to weigh in on the Technology sector with new ratings on Aspen Technology (AZPNResearch Report), Automatic Data Processing (ADPResearch Report) and Meta Platforms (FBResearch Report).

Aspen Technology (AZPN)

In a report released yesterday, Robert Oliver from Robert W. Baird maintained a Buy rating on Aspen Technology, with a price target of $170.00. The company’s shares closed last Thursday at $162.12, close to its 52-week high of $169.22.

According to TipRanks.com, Oliver is a 5-star analyst with an average return of 12.4% and a 55.4% success rate. Oliver covers the Technology sector, focusing on stocks such as Tyler Technologies, PROS Holdings, and Sprout Social.

Aspen Technology has an analyst consensus of Moderate Buy, with a price target consensus of $175.00.

See the top stocks recommended by analysts >>

Automatic Data Processing (ADP)

Robert W. Baird analyst Mark Marcon maintained a Hold rating on Automatic Data Processing yesterday and set a price target of $237.00. The company’s shares closed last Thursday at $229.68.

According to TipRanks.com, Marcon is a 5-star analyst with an average return of 19.7% and a 62.0% success rate. Marcon covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, Sterling Check, and Paycor HCM.

Currently, the analyst consensus on Automatic Data Processing is a Moderate Buy with an average price target of $235.40, a 2.7% upside from current levels. In a report released yesterday, Deutsche Bank also maintained a Hold rating on the stock with a $234.00 price target.

Meta Platforms (FB)

Robert W. Baird analyst Colin Sebastian maintained a Buy rating on Meta Platforms yesterday and set a price target of $275.00. The company’s shares closed last Thursday at $205.73.

According to TipRanks.com, Sebastian is a 5-star analyst with an average return of 13.1% and a 51.6% success rate. Sebastian covers the Technology sector, focusing on stocks such as Alphabet Class A, Alphabet Class C, and Playtika Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Meta Platforms with a $298.44 average price target, implying a 47.1% upside from current levels. In a report issued on April 14, Evercore ISI also maintained a Buy rating on the stock with a $350.00 price target.

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