Analysts Are Bullish on These Technology Stocks: CyberArk Software (CYBR), Five9 (FIVN)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on CyberArk Software (CYBR – Research Report), Five9 (FIVN – Research Report) and nLIGHT (LASR – Research Report) with bullish sentiments.

CyberArk Software (CYBR)

Needham analyst Alex Henderson maintained a Buy rating on CyberArk Software today and set a price target of $310.00. The company’s shares closed last Thursday at $233.54.

According to TipRanks.com, Henderson is a 5-star analyst with an average return of 13.2% and a 54.8% success rate. Henderson covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Lumentum Holdings, and Ceragon Networks.

CyberArk Software has an analyst consensus of Strong Buy, with a price target consensus of $298.96, which is a 31.8% upside from current levels. In a report issued on April 24, Robert W. Baird also maintained a Buy rating on the stock with a $295.00 price target.

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Five9 (FIVN)

In a report released today, Rishi Jaluria from RBC Capital maintained a Buy rating on Five9, with a price target of $80.00. The company’s shares closed last Thursday at $56.73, close to its 52-week low of $51.01.

According to TipRanks.com, Jaluria is a 4-star analyst with an average return of 2.7% and a 50.3% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Palantir Technologies.

Currently, the analyst consensus on Five9 is a Strong Buy with an average price target of $85.55, implying a 45.5% upside from current levels. In a report issued on April 22, Canaccord Genuity also maintained a Buy rating on the stock with a $75.00 price target.

nLIGHT (LASR)

Benchmark Co. analyst Mark Miller maintained a Buy rating on nLIGHT today and set a price target of $17.00. The company’s shares closed last Thursday at $11.56.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 20.2% and a 55.8% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, MKS Instruments, and Onto Innovation.

Currently, the analyst consensus on nLIGHT is a Strong Buy with an average price target of $15.67, representing a 36.5% upside. In a report released today, Needham also maintained a Buy rating on the stock with a $15.00 price target.

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Read More on CYBR:

• CyberArk Posts Strong Growth in Q1 2024
• CyberArk could be net beneficiary if IBM buys HashiCorp, says BofA
• TipRanks’ ‘Perfect 10’ List: Unveiling 2 Top Tech Stocks With the Highest Smart Score
• Buy/Sell: Wall Street’s top 10 stock calls this week
• Palantir downgraded, CyberArk initiated: Wall Street’s top analyst calls