There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on UiPath (PATH – Research Report) and Amazon (AMZN – Research Report) with bullish sentiments.
UiPath (PATH)
In a report issued on October 11, Terry Tillman from Truist Financial maintained a Buy rating on UiPath, with a price target of $20.00. The company’s shares closed last Friday at $15.39.
According to TipRanks.com, Tillman is a top 100 analyst with an average return of 17.7% and a 60.9% success rate. Tillman covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, ZoomInfo Technologies, and Instructure Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for UiPath with a $19.92 average price target, representing a 23.2% upside. In a report issued on September 29, TD Cowen also reiterated a Buy rating on the stock with a $22.00 price target.
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Amazon (AMZN)
Truist Financial analyst Youssef Squali maintained a Buy rating on Amazon on October 11 and set a price target of $176.00. The company’s shares closed last Friday at $129.79.
According to TipRanks.com, Squali is a 5-star analyst with an average return of 15.5% and a 54.0% success rate. Squali covers the Technology sector, focusing on stocks such as NerdWallet, Inc. Class A, ODDITY Tech Ltd. Class A, and DoubleVerify Holdings.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $176.18, a 32.5% upside from current levels. In a report issued on September 27, Argus Research also maintained a Buy rating on the stock with a $165.00 price target.
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