tiprankstipranks
Blurbs

Analysts’ Top Technology Picks: Meta Platforms (META), SPS Commerce (SPSC)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Meta Platforms (METAResearch Report), SPS Commerce (SPSCResearch Report) and ServiceNow (NOWResearch Report) with bullish sentiments.

Meta Platforms (META)

JMP Securities analyst Andrew Boone maintained a Buy rating on Meta Platforms today and set a price target of $215.00. The company’s shares closed last Wednesday at $169.58, close to its 52-week low of $154.25.

According to TipRanks.com, Boone is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -28.0% and a 15.1% success rate. Boone covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and Fiverr International.

Meta Platforms has an analyst consensus of Moderate Buy, with a price target consensus of $255.41, a 57.1% upside from current levels. In a report issued on July 25, Evercore ISI also reiterated a Buy rating on the stock with a $280.00 price target.

See the top stocks recommended by analysts >>

SPS Commerce (SPSC)

JMP Securities analyst Joe Goodwin maintained a Buy rating on SPS Commerce today and set a price target of $150.00. The company’s shares closed last Wednesday at $117.96.

According to TipRanks.com, Goodwin ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -14.7% and a 28.1% success rate. Goodwin covers the Technology sector, focusing on stocks such as Consensus Cloud Solutions, Duck Creek Technologies, and Ziff Davis, Inc.

SPS Commerce has an analyst consensus of Strong Buy, with a price target consensus of $153.50, implying a 34.8% upside from current levels. In a report issued on July 21, Needham also maintained a Buy rating on the stock with a $150.00 price target.

ServiceNow (NOW)

In a report released today, Patrick Walravens from JMP Securities maintained a Buy rating on ServiceNow, with a price target of $553.00. The company’s shares closed last Wednesday at $448.60, close to its 52-week low of $406.47.

According to TipRanks.com, Walravens is a 4-star analyst with an average return of 5.0% and a 45.3% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, Qualtrics International, and ZoomInfo Technologies.

Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $605.30, implying a 40.1% upside from current levels. In a report issued on July 19, Bernstein also initiated coverage with a Buy rating on the stock with a $646.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on META:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More