Blurbs

Analysts Offer Insights on Technology Companies: Allscripts (MDRX), Certara (CERT) and Paylocity (PCTY)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Allscripts (MDRXResearch Report), Certara (CERTResearch Report) and Paylocity (PCTYResearch Report).

Allscripts (MDRX)

SVB Securities analyst Stephanie Davis assigned a Buy rating to Allscripts on November 3 and set a price target of $24.00. The company’s shares closed last Friday at $15.67.

According to TipRanks.com, Davis is a 1-star analyst with an average return of -4.3% and a 46.1% success rate. Davis covers the Technology sector, focusing on stocks such as Tabula Rasa HealthCare, NextGen Healthcare, and GoodRx Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allscripts with a $20.60 average price target, implying a 44.4% upside from current levels. In a report issued on November 4, Piper Sandler also initiated coverage with a Buy rating on the stock with a $17.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Certara (CERT)

SVB Securities analyst Joy Zhang CFA maintained a Buy rating on Certara on November 4. The company’s shares closed last Friday at $10.65, close to its 52-week low of $10.60.

According to TipRanks.com, CFA is a 1-star analyst with an average return of -13.2% and a 18.8% success rate. CFA covers the Technology sector, focusing on stocks such as Computer Programs and Systems, Hims & Hers Health, and OptimizeRx.

Currently, the analyst consensus on Certara is a Strong Buy with an average price target of $22.00.

Paylocity (PCTY)

Mizuho Securities analyst Siti Panigrahi maintained a Hold rating on Paylocity on November 4 and set a price target of $230.00. The company’s shares closed last Friday at $201.97.

According to TipRanks.com, Panigrahi is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -9.9% and a 37.7% success rate. Panigrahi covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Ceridian HCM Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paylocity with a $276.11 average price target, which is a 30.2% upside from current levels. In a report issued on October 28, D.A. Davidson also downgraded the stock to Hold with a $250.00 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 MDRX:

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