Blurbs

Analysts Offer Insights on Technology Companies: Accenture (ACN), Coinbase Global (COIN) and Splunk (SPLK)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Accenture (ACNResearch Report), Coinbase Global (COINResearch Report) and Splunk (SPLKResearch Report).

Accenture (ACN)

In a report released today, Brian Essex from Goldman Sachs maintained a Hold rating on Accenture, with a price target of $386.00. The company’s shares closed last Monday at $308.00.

According to TipRanks.com, Essex is a 4-star analyst with an average return of 7.3% and a 53.4% success rate. Essex covers the Technology sector, focusing on stocks such as International Business Machines, CyberArk Software, and Jamf Holding.

Accenture has an analyst consensus of Moderate Buy, with a price target consensus of $439.94.

See Insiders’ Hot Stocks on TipRanks >>

Coinbase Global (COIN)

In a report released today, Will Nance from Goldman Sachs maintained a Buy rating on Coinbase Global, with a price target of $250.00. The company’s shares closed last Monday at $168.82, close to its 52-week low of $155.92.

According to TipRanks.com, Nance is ranked 0 out of 5 stars with an average return of -19.6% and a 14.3% success rate. Nance covers the Technology sector, focusing on stocks such as AvidXchange Holdings, Robinhood Markets, and Bill.com Holdings.

Currently, the analyst consensus on Coinbase Global is a Moderate Buy with an average price target of $305.31, an 81.5% upside from current levels. In a report issued on February 25, Piper Sandler also maintained a Buy rating on the stock with a $360.00 price target.

Splunk (SPLK)

Goldman Sachs analyst Kash Rangan maintained a Buy rating on Splunk today and set a price target of $232.00. The company’s shares closed last Monday at $128.23.

According to TipRanks.com, Rangan is a 5-star analyst with an average return of 12.3% and a 60.3% success rate. Rangan covers the Technology sector, focusing on stocks such as Definitive Healthcare Corp, Zoom Video Communications, and ZoomInfo Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Splunk with a $155.05 average price target, implying a 21.4% upside from current levels. In a report issued on March 3, BMO Capital also maintained a Buy rating on the stock with a $142.00 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.

Read More on ACN:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos