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Analysts’ Top Technology Picks: Allscripts (MDRX), Intuit (INTU)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Allscripts (MDRXResearch Report), Intuit (INTUResearch Report) and Bentley Systems (BSYResearch Report) with bullish sentiments.

Allscripts (MDRX)

In a report released yesterday, Stephanie Davis from SVB Securities reiterated a Buy rating on Allscripts, with a price target of $24.00. The company’s shares closed last Tuesday at $18.34.

According to TipRanks.com, Davis is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.5% and a 47.5% success rate. Davis covers the Technology sector, focusing on stocks such as Tabula Rasa HealthCare, NextGen Healthcare, and Health Catalyst.

Allscripts has an analyst consensus of Moderate Buy, with a price target consensus of $21.17, implying a 16.1% upside from current levels. In a report issued on November 8, Goldman Sachs also upgraded the stock to Buy with a $23.00 price target.

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

Intuit (INTU)

Mizuho Securities analyst Siti Panigrahi maintained a Buy rating on Intuit on November 21 and set a price target of $650.00. The company’s shares closed last Tuesday at $392.23, close to its 52-week low of $339.36.

According to TipRanks.com, Panigrahi has 0 stars on 0-5 stars ranking scale with an average return of -8.5% and a 40.8% success rate. Panigrahi covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Ceridian HCM Holding.

Intuit has an analyst consensus of Strong Buy, with a price target consensus of $522.84, representing a 37.6% upside. In a report issued on November 21, Credit Suisse also initiated coverage with a Buy rating on the stock with a $500.00 price target.

Bentley Systems (BSY)

Robert W. Baird analyst Joseph Vruwink maintained a Buy rating on Bentley Systems on November 21 and set a price target of $48.00. The company’s shares closed last Tuesday at $38.08.

According to TipRanks.com, Vruwink is a 3-star analyst with an average return of 1.3% and a 52.3% success rate. Vruwink covers the Technology sector, focusing on stocks such as Manhattan Associates, Instructure Holdings, and Cadence Design.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bentley Systems with a $43.29 average price target, which is a 14.2% upside from current levels. In a report issued on November 9, Goldman Sachs also upgraded the stock to Buy with a $44.00 price target.

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