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Wall Street Analysts Are Bullish on Top Technology Picks

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Cloudflare (NETResearch Report), Paylocity (PCTYResearch Report) and Schrodinger (SDGRResearch Report) with bullish sentiments.

Cloudflare (NET)

Needham analyst Alex Henderson reiterated a Buy rating on Cloudflare today and set a price target of $245.00. The company’s shares closed last Thursday at $77.81, close to its 52-week low of $64.84.

According to TipRanks.com, Henderson is a 5-star analyst with an average return of 20.9% and a 56.2% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, CrowdStrike Holdings, and CyberArk Software.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $136.18 average price target, a 54.4% upside from current levels. In a report released today, Evercore ISI also maintained a Buy rating on the stock with a $110.00 price target.

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

Paylocity (PCTY)

Needham analyst Scott Berg reiterated a Buy rating on Paylocity today and set a price target of $325.00. The company’s shares closed last Thursday at $188.87.

According to TipRanks.com, Berg is a 5-star analyst with an average return of 11.6% and a 47.0% success rate. Berg covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, BigCommerce Holdings, and Tyler Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Paylocity with a $261.31 average price target, representing a 28.5% upside. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $320.00 price target.

Schrodinger (SDGR)

In a report released today, Gaurav Goparaju from Berenberg Bank maintained a Buy rating on Schrodinger, with a price target of $88.00. The company’s shares closed last Thursday at $24.67, close to its 52-week low of $23.14.

According to TipRanks.com, Goparaju is ranked #7637 out of 7891 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Schrodinger with a $66.50 average price target, a 155.1% upside from current levels. In a report issued on May 4, Jefferies also maintained a Buy rating on the stock with a $50.00 price target.

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