There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Open Text (OTEX – Research Report), PTC (PTC – Research Report) and Altium (ALMFF – Research Report) with bullish sentiments.
Open Text (OTEX)
RBC Capital analyst Paul Treiber maintained a Buy rating on Open Text on February 3 and set a price target of $50.00. The company’s shares closed last Monday at $34.85.
According to TipRanks.com, Treiber is a 5-star analyst with an average return of
Open Text has an analyst consensus of Strong Buy, with a price target consensus of $43.50, representing a 26.9% upside. In a report issued on February 3, BMO Capital also reiterated a Buy rating on the stock with a $39.00 price target.
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RBC Capital analyst Matthew Hedberg maintained a Buy rating on PTC on February 5 and set a price target of $155.00. The company’s shares closed last Monday at $131.35.
According to TipRanks.com, Hedberg is a 1-star analyst with an average return of
Currently, the analyst consensus on PTC is a Strong Buy with an average price target of $155.27, representing a 20.4% upside. In a report issued on January 27, Berenberg Bank also initiated coverage with a Buy rating on the stock with a $155.00 price target.
In a report issued on February 5, Garry Sherriff from RBC Capital maintained a Buy rating on Altium, with a price target of A$45.00.
Sherriff has an average return of
According to TipRanks.com, Sherriff is ranked #1990 out of 8328 analysts.
Currently, the analyst consensus on Altium is a Moderate Buy with an average price target of $28.31.
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