tiprankstipranks
Blurbs

Analysts Offer Insights on Technology Companies: Mitek Systems (MITK), SPS Commerce (SPSC) and ServiceNow (NOW)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Mitek Systems (MITKResearch Report), SPS Commerce (SPSCResearch Report) and ServiceNow (NOWResearch Report).

SPS Commerce (SPSC)

In a report issued on July 28, Matthew Pfau from William Blair maintained a Hold rating on SPS Commerce. The company’s shares closed last Monday at $125.30.

According to TipRanks.com, Pfau is ranked 0 out of 5 stars with an average return of -10.3% and a 34.1% success rate. Pfau covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Manhattan Associates, and ChannelAdvisor.

SPS Commerce has an analyst consensus of Moderate Buy, with a price target consensus of $151.83, representing a 27.7% upside. In a report issued on July 28, Craig-Hallum also maintained a Hold rating on the stock with a $160.00 price target.

ServiceNow (NOW)

William Blair analyst Arjun Bhatia reiterated a Buy rating on ServiceNow on July 28. The company’s shares closed last Monday at $453.77, close to its 52-week low of $406.47.

According to TipRanks.com, Bhatia has 0 stars on 0-5 stars ranking scale with an average return of -20.0% and a 16.0% success rate. Bhatia covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Qualtrics International, and DoubleVerify Holdings.

Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $544.87, a 24.1% upside from current levels. In a report issued on July 19, Bernstein also initiated coverage with a Buy rating on the stock with a $646.00 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 MITK:

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