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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 Apple (AAPLResearch Report), Alphabet Class A (GOOGLResearch Report) and Paylocity (PCTYResearch Report) with bullish sentiments.

Apple (AAPL)

In a report released today, Shannon Cross from Credit Suisse maintained a Buy rating on Apple, with a price target of $184.00. The company’s shares closed last Thursday at $150.82.

According to TipRanks.com, Cross is a 4-star analyst with an average return of 9.9% and a 61.5% success rate. Cross covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, TD SYNNEX Corporation, and Dell Technologies.

Currently, the analyst consensus on Apple is a Strong Buy with an average price target of $174.08, representing a 16.9% upside. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $200.00 price target.

See the top stocks recommended by analysts >>

Alphabet Class A (GOOGL)

In a report released today, Stephen Ju from Credit Suisse maintained a Buy rating on Alphabet Class A, with a price target of $136.00. The company’s shares closed last Thursday at $107.74.

According to TipRanks.com, Ju is a 5-star analyst with an average return of 13.5% and a 54.6% success rate. Ju covers the Technology sector, focusing on stocks such as Opendoor Technologies, IAC/InteractiveCorp., and Momentive Global.

Currently, the analyst consensus on Alphabet Class A is a Strong Buy with an average price target of $127.54, a 20.5% upside from current levels. In a report issued on January 24, Evercore ISI also maintained a Buy rating on the stock with a $120.00 price target.

Paylocity (PCTY)

Needham analyst Scott Berg maintained a Buy rating on Paylocity today and set a price target of $325.00. The company’s shares closed last Thursday at $226.04.

According to TipRanks.com, Berg is a 5-star analyst with an average return of 9.4% and a 53.1% success rate. Berg covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Ceridian HCM Holding, and Bill.com Holdings.

Currently, the analyst consensus on Paylocity is a Moderate Buy with an average price target of $284.43, which is a 26.6% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $320.00 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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