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Analysts Offer Insights on Technology Companies: Duck Creek Technologies (DCT) and EverCommerce (EVCM)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Duck Creek Technologies (DCTResearch Report) and EverCommerce (EVCMResearch Report) with bullish sentiments.

Duck Creek Technologies (DCT)

Stifel Nicolaus analyst J. Parker Lane maintained a Buy rating on Duck Creek Technologies yesterday and set a price target of $32.00. The company’s shares closed last Tuesday at $19.13, close to its 52-week low of $18.75.

According to TipRanks.com, Lane ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -23.5% and a 17.5% success rate. Lane covers the Technology sector, focusing on stocks such as Zoom Video Communications, BigCommerce Holdings, and Weave Communications.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Duck Creek Technologies with a $37.25 average price target, which is a 98.9% upside from current levels. In a report issued on March 7, RBC Capital also maintained a Buy rating on the stock with a $38.00 price target.

See the top stocks recommended by analysts >>

EverCommerce (EVCM)

In a report released yesterday, Brad Reback from Stifel Nicolaus maintained a Buy rating on EverCommerce, with a price target of $21.00. The company’s shares closed last Tuesday at $12.60.

According to TipRanks.com, Reback is a 5-star analyst with an average return of 16.3% and a 60.0% success rate. Reback covers the Technology sector, focusing on stocks such as Evolv Technologies Holdings, CrowdStrike Holdings, and Cognyte Software.

EverCommerce has an analyst consensus of Strong Buy, with a price target consensus of $18.00, a 44.6% upside from current levels. In a report released yesterday, Deutsche Bank also maintained a Buy rating on the stock with a $16.00 price target.

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