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Analysts Offer Insights on Technology Companies: Telus (TU), Block (SQ) and TELUS International (CDA) (TIXT)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Telus (TUResearch Report), Block (SQResearch Report) and TELUS International (CDA) (TIXTResearch Report) with bullish sentiments.

Telus (TU)

In a report released today, Tim Casey from BMO Capital reiterated a Buy rating on Telus, with a price target of C$37.00. The company’s shares closed last Friday at $22.36, close to its 52-week low of $21.34.

According to TipRanks.com, Casey is a 5-star analyst with an average return of 10.7% and a 66.4% success rate. Casey covers the Technology sector, focusing on stocks such as Rogers Communication, Thomson Reuters, and Quebecor.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Telus with a $27.59 average price target.

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Block (SQ)

In a report released today, James Fotheringham from BMO Capital maintained a Buy rating on Block, with a price target of $117.00. The company’s shares closed last Friday at $87.73, close to its 52-week low of $56.01.

According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 14.6% and a 63.9% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Discover Financial Services, International Money Express, and Focus Financial Partners.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Block with a $116.26 average price target, which is a 32.5% upside from current levels. In a report issued on August 5, Wolfe Research also maintained a Buy rating on the stock with a $97.00 price target.

TELUS International (CDA) (TIXT)

In a report released today, Keith Bachman from BMO Capital maintained a Buy rating on TELUS International (CDA), with a price target of C$35.00. The company’s shares closed last Friday at $29.38.

According to TipRanks.com, Bachman is a 4-star analyst with an average return of 6.4% and a 55.4% success rate. Bachman covers the Technology sector, focusing on stocks such as International Business Machines, Qualtrics International, and Rackspace Technology.

TELUS International (CDA) has an analyst consensus of Moderate Buy, with a price target consensus of $31.72, which is a 8.0% upside from current levels. In a report issued on August 5, RBC Capital also maintained a Buy rating on the stock with a $38.00 price target.

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