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Analysts Offer Insights on Technology Companies: Autodesk (ADSK), Open Text (OTEX) and Box (BOX)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Autodesk (ADSKResearch Report), Open Text (OTEXResearch Report) and Box (BOXResearch Report).

Autodesk (ADSK)

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Autodesk on August 25 and set a price target of $257.00. The company’s shares closed last Monday at $205.71.

According to TipRanks.com, Hedberg is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.4% and a 36.3% success rate. Hedberg covers the Technology sector, focusing on stocks such as Ping Identity Holding, CrowdStrike Holdings, and Palo Alto Networks.

Currently, the analyst consensus on Autodesk is a Strong Buy with an average price target of $266.23, a 29.2% upside from current levels. In a report issued on August 16, Wolfe Research also initiated coverage with a Buy rating on the stock with a $270.00 price target.

See today’s best-performing stocks on TipRanks >>

Open Text (OTEX)

RBC Capital analyst Paul Treiber maintained a Buy rating on Open Text on August 26 and set a price target of $52.00. The company’s shares closed last Monday at $31.60.

According to TipRanks.com, Treiber is a 5-star analyst with an average return of 8.8% and a 58.7% success rate. Treiber covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Enghouse Systems, and Sierra Wireless.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Open Text with a $47.85 average price target, a 50.2% upside from current levels. In a report issued on August 26, BMO Capital also maintained a Buy rating on the stock with a $43.00 price target.

Box (BOX)

In a report issued on August 25, Rishi Jaluria from RBC Capital maintained a Hold rating on Box, with a price target of $28.00. The company’s shares closed last Monday at $26.56.

According to TipRanks.com, Jaluria is a 3-star analyst with an average return of 1.0% and a 46.1% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Duck Creek Technologies.

Box has an analyst consensus of Moderate Buy, with a price target consensus of $31.50, representing a 17.1% upside. In a report issued on August 16, Monness also maintained a Hold rating on the stock.

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