Blurbs

Analysts Offer Insights on Technology Companies: Alphabet Class A (GOOGL), Global Payments (GPN) and Fortinet (FTNT)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Alphabet Class A (GOOGLResearch Report), Global Payments (GPNResearch Report) and Fortinet (FTNTResearch Report) with bullish sentiments.

Alphabet Class A (GOOGL)

In a report issued on June 23, Brad Erickson from RBC Capital maintained a Buy rating on Alphabet Class A, with a price target of $2700.00. The company’s shares closed last Friday at $2359.50.

According to TipRanks.com, Erickson is a 5-star analyst with an average return of 17.6% and a 45.1% success rate. Erickson covers the Technology sector, focusing on stocks such as Zillow Group Class A, Fiverr International, and Meta Platforms.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphabet Class A with a $3163.00 average price target, implying a 40.0% upside from current levels. In a report issued on June 9, Goldman Sachs also maintained a Buy rating on the stock with a $3000.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Global Payments (GPN)

In a report issued on June 22, Daniel Perlin from RBC Capital maintained a Buy rating on Global Payments, with a price target of $197.00. The company’s shares closed last Friday at $118.86, close to its 52-week low of $105.52.

According to TipRanks.com, Perlin is a 5-star analyst with an average return of 8.4% and a 48.3% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, TELUS International (CDA), and Jack Henry & Associates.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Payments with a $177.25 average price target.

Fortinet (FTNT)

In a report issued on June 24, Adam Borg from Stifel Nicolaus maintained a Buy rating on Fortinet, with a price target of $72.00. The company’s shares closed last Friday at $59.13.

According to TipRanks.com, Borg is a 3-star analyst with an average return of 2.7% and a 53.3% success rate. Borg covers the Technology sector, focusing on stocks such as Tufin Software Technologies, Ping Identity Holding, and Procore Technologies.

Fortinet has an analyst consensus of Moderate Buy, with a price target consensus of $362.64, which is a 530.6% upside from current levels. In a report issued on June 16, Cleveland Research also maintained a Buy rating on the stock.

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 GOOGL:

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