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Analysts’ Top Technology Picks: PTC (PTC), Tenable Holdings (TENB)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on PTC (PTCResearch Report) and Tenable Holdings (TENBResearch Report) with bullish sentiments.

PTC (PTC)

In a report issued on April 20, Matthew Broome from Mizuho Securities maintained a Buy rating on PTC, with a price target of $125.00. The company’s shares closed last Thursday at $101.45, close to its 52-week low of $97.00.

According to TipRanks.com, Broome is a 2-star analyst with an average return of 0.7% and a 41.8% success rate. Broome covers the Technology sector, focusing on stocks such as Procore Technologies, Bentley Systems, and Autodesk.

PTC has an analyst consensus of Moderate Buy, with a price target consensus of $142.29, representing a 37.2% upside. In a report issued on April 20, Rosenblatt Securities also maintained a Buy rating on the stock.

See Insiders’ Hot Stocks on TipRanks >>

Tenable Holdings (TENB)

BTIG analyst Gray Powell reiterated a Buy rating on Tenable Holdings yesterday and set a price target of $69.00. The company’s shares closed last Thursday at $58.53.

According to TipRanks.com, Powell is a 5-star analyst with an average return of 15.8% and a 62.6% success rate. Powell covers the Technology sector, focusing on stocks such as Ping Identity Holding, CrowdStrike Holdings, and Palo Alto Networks.

Currently, the analyst consensus on Tenable Holdings is a Strong Buy with an average price target of $68.00, representing a 10.4% upside. In a report issued on April 11, Wolfe Research also initiated coverage with a Buy rating on the stock with a $70.00 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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