There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Intuit (INTU – Research Report) and Shopify (SHOP – Research Report) with bullish sentiments.
Intuit (INTU)
Oppenheimer analyst Scott Schneeberger maintained a Buy rating on Intuit today and set a price target of $712.00. The company’s shares closed last Friday at $636.55, close to its 52-week high of $671.01.
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of
Intuit has an analyst consensus of Strong Buy, with a price target consensus of $710.15, implying a 13.2% upside from current levels. In a report issued on April 19, Citi also maintained a Buy rating on the stock with a $744.00 price target.
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Shopify (SHOP)
Roth MKM analyst Darren Aftahi maintained a Buy rating on Shopify today and set a price target of $89.00. The company’s shares closed last Friday at $71.33.
According to TipRanks.com, Aftahi is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shopify with a $81.81 average price target, which is a 14.7% upside from current levels. In a report issued on April 19, Morgan Stanley also upgraded the stock to Buy with a $85.00 price target.
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