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Analysts’ Top Technology Picks: Pegasystems (PEGA), Zendesk (ZEN)

Analysts fell to the sidelines weighing in on Pegasystems (PEGAResearch Report), Zendesk (ZENResearch Report) and Squarespace (SQSPResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Pegasystems (PEGA)

In a report released today, Joey Marincek from JMP Securities maintained a Hold rating on Pegasystems. The company’s shares closed last Monday at $47.82, close to its 52-week low of $36.50.

According to TipRanks.com, Marincek is ranked #4923 out of 7947 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pegasystems with a $70.11 average price target, implying a 43.7% upside from current levels. In a report released yesterday, Macquarie also downgraded the stock to Hold with a $54.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Zendesk (ZEN)

JMP Securities analyst Patrick Walravens downgraded Zendesk to Hold today. The company’s shares closed last Monday at $75.25.

According to TipRanks.com, Walravens is a 4-star analyst with an average return of 6.6% and a 47.4% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, Qualtrics International, and ZoomInfo Technologies.

Zendesk has an analyst consensus of Hold, with a price target consensus of $85.82, representing a 14.0% upside. In a report issued on July 18, Piper Sandler also maintained a Hold rating on the stock with a $77.50 price target.

Squarespace (SQSP)

JMP Securities analyst Andrew Boone maintained a Hold rating on Squarespace yesterday. The company’s shares closed last Monday at $19.32, close to its 52-week low of $14.43.

According to TipRanks.com, Boone has 0 stars on 0-5 stars ranking scale with an average return of -26.3% and a 18.5% success rate. Boone covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Zillow Group Class A, and Fiverr International.

Squarespace has an analyst consensus of Moderate Buy, with a price target consensus of $27.00, a 45.8% upside from current levels. In a report issued on July 10, Mizuho Securities also maintained a Hold rating on the stock with a $22.00 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.

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