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Wall Street Analysts Are Bullish on Top Technology Picks

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There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Match Group (MTCHResearch Report), Cognizant (CTSHResearch Report) and Open Text (OTEXResearch Report) with bullish sentiments.

Match Group (MTCH)

In a report released today, Daniel Salmon from BMO Capital maintained a Buy rating on Match Group, with a price target of $125.00. The company’s shares closed last Thursday at $80.77, close to its 52-week low of $69.28.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 13.9% and a 62.8% success rate. Salmon covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, Integral Ad Science, and LiveRamp Holdings.

Match Group has an analyst consensus of Strong Buy, with a price target consensus of $126.00, a 50.2% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $125.00 price target.

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Cognizant (CTSH)

In a report released today, Keith Bachman from BMO Capital maintained a Buy rating on Cognizant, with a price target of $96.00. The company’s shares closed last Thursday at $77.89.

According to TipRanks.com, Bachman is a 5-star analyst with an average return of 8.4% and a 57.3% success rate. Bachman covers the Technology sector, focusing on stocks such as International Business Machines, TELUS International (CDA), and Qualtrics International.

The word on The Street in general, suggests a Hold analyst consensus rating for Cognizant with a $92.71 average price target, a 9.9% upside from current levels. In a report issued on April 29, RBC Capital also maintained a Buy rating on the stock with a $98.00 price target.

Open Text (OTEX)

BMO Capital analyst Thanos Moschopoulos maintained a Buy rating on Open Text today and set a price target of $47.00. The company’s shares closed last Thursday at $40.47, close to its 52-week low of $38.98.

According to TipRanks.com, Moschopoulos is a 4-star analyst with an average return of 9.0% and a 55.8% success rate. Moschopoulos covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Maxar Technologies, and Sierra Wireless.

Open Text has an analyst consensus of Moderate Buy, with a price target consensus of $62.00.

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