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Analysts Offer Insights on Technology Companies: Bombardier (OtherBDRBF), Paylocity (PCTY) and Synaptics (SYNA)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Bombardier (BDRBFResearch Report), Paylocity (PCTYResearch Report) and Synaptics (SYNAResearch Report).

Bombardier (BDRBF)

BMO Capital analyst Fadi Chamoun maintained a Buy rating on Bombardier today and set a price target of C$2.85. The company’s shares closed last Friday at $0.94.

According to TipRanks.com, Chamoun is a 5-star analyst with an average return of 16.4% and a 69.5% success rate. Chamoun covers the Industrial Goods sector, focusing on stocks such as TFI International, Norfolk Southern, and United Parcel.

Bombardier has an analyst consensus of Strong Buy, with a price target consensus of $1.93, a 109.8% upside from current levels. In a report released today, Vertical Research also upgraded the stock to Buy with a C$2.20 price target.

See Insiders’ Hot Stocks on TipRanks >>

Paylocity (PCTY)

BMO Capital analyst Daniel Jester maintained a Buy rating on Paylocity today and set a price target of C$246.00. The company’s shares closed last Friday at $179.00, close to its 52-week low of $154.26.

According to TipRanks.com, Jester is a 4-star analyst with an average return of 11.8% and a 43.5% success rate. Jester covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, Bill.com Holdings, and Coupa Software.

Paylocity has an analyst consensus of Strong Buy, with a price target consensus of $253.25, representing a 33.3% upside. In a report released today, Needham also reiterated a Buy rating on the stock with a $325.00 price target.

Synaptics (SYNA)

BMO Capital analyst Ambrish Srivastava maintained a Hold rating on Synaptics today and set a price target of $170.00. The company’s shares closed last Friday at $162.25.

According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 12.3% and a 66.7% success rate. Srivastava covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Synaptics with a $231.67 average price target, a 50.1% upside from current levels. In a report released today, Summit Redstone Partners also downgraded the stock to Hold.

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