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Analysts Offer Insights on Technology Companies: Zuora (ZUO) and Duck Creek Technologies (DCT)

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

Zuora (ZUO)

Berenberg Bank analyst Andrew Degasperi maintained a Buy rating on Zuora on March 7 and set a price target of $24.00. The company’s shares closed last Tuesday at $12.69, close to its 52-week low of $12.61.

According to TipRanks.com, Degasperi is a 2-star analyst with an average return of 1.7% and a 36.4% success rate. Degasperi covers the Technology sector, focusing on stocks such as Faro Technologies, Smartsheet, and Monday.com.

Zuora has an analyst consensus of Strong Buy, with a price target consensus of $21.75, which is a 73.0% upside from current levels. In a report issued on March 3, Needham also maintained a Buy rating on the stock with a $24.00 price target.

See the top stocks recommended by analysts >>

Duck Creek Technologies (DCT)

In a report issued on March 7, Rishi Jaluria from RBC Capital maintained a Buy rating on Duck Creek Technologies, with a price target of $38.00. The company’s shares closed last Tuesday at $22.59, close to its 52-week low of $20.40.

According to TipRanks.com, Jaluria is a 4-star analyst with an average return of 7.0% and a 48.5% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and ZoomInfo Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Duck Creek Technologies with a $38.25 average price target.

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