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Analysts’ Top Technology Picks: Akamai (AKAM), Cognizant (CTSH)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Akamai (AKAMResearch Report), Cognizant (CTSHResearch Report) and Alphabet Class A (GOOGLResearch Report) with bullish sentiments.

Akamai (AKAM)

In a report issued on July 19, Rishi Jaluria from RBC Capital maintained a Buy rating on Akamai, with a price target of $115.00. The company’s shares closed last Wednesday at $89.79, close to its 52-week low of $85.90.

According to TipRanks.com, Jaluria is a 2-star analyst with an average return of 0.6% and a 42.8% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Duck Creek Technologies.

Currently, the analyst consensus on Akamai is a Moderate Buy with an average price target of $123.42.

See today’s best-performing stocks on TipRanks >>

Cognizant (CTSH)

In a report issued on July 18, Daniel Perlin from RBC Capital maintained a Buy rating on Cognizant, with a price target of $97.00. The company’s shares closed last Wednesday at $68.12, close to its 52-week low of $63.26.

According to TipRanks.com, Perlin is a 5-star analyst with an average return of 8.5% and a 50.1% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, TELUS International (CDA), and Jack Henry & Associates.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cognizant with a $86.17 average price target, representing a 27.5% upside. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $82.00 price target.

Alphabet Class A (GOOGL)

In a report issued on July 18, Brad Erickson from RBC Capital maintained a Buy rating on Alphabet Class A, with a price target of $135.00. The company’s shares closed last Wednesday at $113.90.

According to TipRanks.com, Erickson is a 5-star analyst with an average return of 17.2% and a 45.3% success rate. Erickson covers the Technology sector, focusing on stocks such as Zillow Group Class A, Fiverr International, and Meta Platforms.

Alphabet Class A has an analyst consensus of Strong Buy, with a price target consensus of $150.57, implying a 33.0% upside from current levels. In a report issued on July 7, Evercore ISI also maintained a Buy rating on the stock with a $155.50 price target.

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