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Analysts Offer Insights on Technology Companies: Paycom (PAYC), Ansys (ANSS) and Twilio (TWLO)

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Analysts have been eager to weigh in on the Technology sector with new ratings on Paycom (PAYCResearch Report), Ansys (ANSSResearch Report) and Twilio (TWLOResearch Report).

Paycom (PAYC)

Stifel Nicolaus analyst Brad Reback maintained a Buy rating on Paycom on May 4 and set a price target of $375.00. The company’s shares closed last Friday at $295.24, close to its 52-week low of $278.37.

According to TipRanks.com, Reback is a 5-star analyst with an average return of 14.7% and a 58.1% success rate. Reback covers the Technology sector, focusing on stocks such as Evolv Technologies Holdings, DigitalOcean Holdings, and CrowdStrike Holdings.

Paycom has an analyst consensus of Moderate Buy, with a price target consensus of $382.38, representing a 29.5% upside. In a report issued on May 4, Credit Suisse also maintained a Buy rating on the stock with a $350.00 price target.

See the top stocks recommended by analysts >>

Ansys (ANSS)

Stifel Nicolaus analyst Adam Borg maintained a Hold rating on Ansys on May 6 and set a price target of $309.00. The company’s shares closed last Friday at $261.59, close to its 52-week low of $258.00.

According to TipRanks.com, Borg is a 2-star analyst with an average return of 1.1% and a 39.5% success rate. Borg covers the Technology sector, focusing on stocks such as Tufin Software Technologies, Ping Identity Holding, and Procore Technologies.

Currently, the analyst consensus on Ansys is a Hold with an average price target of $319.54, which is a 19.7% upside from current levels. In a report issued on May 5, Rosenblatt Securities also maintained a Hold rating on the stock with a $315.00 price target.

Twilio (TWLO)

In a report issued on May 5, J. Parker Lane from Stifel Nicolaus maintained a Buy rating on Twilio, with a price target of $200.00. The company’s shares closed last Friday at $107.38, close to its 52-week low of $104.50.

According to TipRanks.com, Lane is ranked 0 out of 5 stars with an average return of -25.9% and a 12.8% success rate. Lane covers the Technology sector, focusing on stocks such as Zoom Video Communications, Duck Creek Technologies, and ZoomInfo Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Twilio with a $242.96 average price target, an 111.0% upside from current levels. In a report issued on May 5, Canaccord Genuity also maintained a Buy rating on the stock with a $245.00 price target.

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