May 2, 2024

Wall Street Analysts Are Bullish on Top Technology Picks

Posted By: ndeeney

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There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Atlassian (TEAM – Research Report) and CSG Systems International (CSGS – Research Report) with bullish sentiments.

Atlassian (TEAM)

In a report released today, Ittai Kidron from Oppenheimer maintained a Buy rating on Atlassian, with a price target of $250.00. The company’s shares closed last Wednesday at $172.77.

According to TipRanks.com, Kidron is a 5-star analyst with an average return of 17.9% and a 55.7% success rate. Kidron covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Atlassian with a $238.75 average price target, a 37.7% upside from current levels. In a report issued on April 22, Canaccord Genuity also maintained a Buy rating on the stock with a $260.00 price target.

See the top stocks recommended by analysts >>

CSG Systems International (CSGS)

Oppenheimer analyst Timothy Horan maintained a Buy rating on CSG Systems International today and set a price target of $75.00. The company’s shares closed last Wednesday at $45.82, close to its 52-week low of $45.27.

According to TipRanks.com, Horan is a 5-star analyst with an average return of 8.4% and a 59.6% success rate. Horan covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Digital Turbine, and Verint Systems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CSG Systems International with a $66.00 average price target, implying a 39.4% upside from current levels. In a report released yesterday, Cantor Fitzgerald also upgraded the stock to Buy with a $62.00 price target.

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