Analysts Offer Insights on Technology Companies: Nextdc Limited (OtherNXDCF) and Intuit (INTU)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Nextdc Limited (NXDCF – Research Report) and Intuit (INTU – Research Report) with bullish sentiments.
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Nextdc Limited (NXDCF)
In a report released today, Tim Plumbe from UBS maintained a Buy rating on Nextdc Limited, with a price target of A$20.20. The company's shares closed last Tuesday at $8.91, close to its 52-week low of $8.88.
According to TipRanks.com, Plumbe is a 2-star analyst with an average return of 0.2% and a 41.7% success rate. Plumbe covers the NA sector, focusing on stocks such as Corporate Travel Management Limited, Flight Centre Travel Group Limited, and WEB Travel Group.
Currently, the analyst consensus on Nextdc Limited is a Strong Buy with an average price target of $12.16, a 36.5% upside from current levels. In a report issued on May 27, Citi also maintained a Buy rating on the stock with a A$18.70 price target.
Intuit (INTU)
Jefferies analyst Brent Thill maintained a Buy rating on Intuit yesterday and set a price target of $850.00. The company's shares closed last Tuesday at $762.10.
According to TipRanks.com, Thill is a 5-star analyst with an average return of 13.9% and a 65.7% success rate. Thill covers the Technology sector, focusing on stocks such as International Business Machines, CoreWeave, Inc. Class A, and Palantir Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intuit with a $814.71 average price target, representing a 6.9% upside. In a report issued on May 28, Scotiabank also maintained a Buy rating on the stock with a $800.00 price target.
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