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Analysts Offer Insights on Technology Companies: Accenture (ACN), AeroVironment (AVAV) and Paychex (PAYX)

Analysts fell to the sidelines weighing in on Accenture (ACNResearch Report), AeroVironment (AVAVResearch Report) and Paychex (PAYXResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Accenture (ACN)

Robert W. Baird analyst David Koning maintained a Hold rating on Accenture on June 27 and set a price target of $310.00. The company’s shares closed last Wednesday at $279.81, close to its 52-week low of $268.17.

According to TipRanks.com, Koning is a 3-star analyst with an average return of 2.1% and a 49.7% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Accenture with a $346.13 average price target, implying a 24.3% upside from current levels. In a report released yesterday, BNP Paribas also downgraded the stock to Hold with a $320.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

AeroVironment (AVAV)

Robert W. Baird analyst Peter Arment maintained a Hold rating on AeroVironment yesterday and set a price target of $95.00. The company’s shares closed last Wednesday at $77.96.

According to TipRanks.com, Arment is a 4-star analyst with an average return of 6.4% and a 53.9% success rate. Arment covers the Technology sector, focusing on stocks such as Spirit AeroSystems, Maxar Technologies, and General Dynamics.

AeroVironment has an analyst consensus of Moderate Buy, with a price target consensus of $95.00.

Paychex (PAYX)

In a report issued on June 27, Mark Marcon from Robert W. Baird maintained a Hold rating on Paychex, with a price target of $142.00. The company’s shares closed last Wednesday at $114.85.

According to TipRanks.com, Marcon is a 5-star analyst with an average return of 14.1% and a 54.5% success rate. Marcon covers the Technology sector, focusing on stocks such as Automatic Data Processing, Ceridian HCM Holding, and Sterling Check.

Paychex has an analyst consensus of Hold, with a price target consensus of $131.50, implying a 13.2% upside from current levels. In a report released yesterday, Evercore ISI also maintained a Hold rating on the stock with a $116.00 price target.

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