Analysts Offer Insights on Technology Companies: Pure Storage (PSTG) and Xero Limited (OtherXROLF)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Pure Storage (PSTG – Research Report) and Xero Limited (XROLF – Research Report) with bullish sentiments.
Confident Investing Starts Here:
Pure Storage (PSTG)
In a report released today, Jason Ader from William Blair reiterated a Buy rating on Pure Storage. The company's shares closed last Tuesday at $54.87.
According to TipRanks.com, Ader is a 4-star analyst with an average return of 4.6% and a 55.3% success rate. Ader covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, CommVault Systems, and Varonis Systems.
Pure Storage has an analyst consensus of Strong Buy, with a price target consensus of $72.24, a 34.1% upside from current levels. In a report issued on May 23, Evercore ISI also maintained a Buy rating on the stock with a $70.00 price target.
Xero Limited (XROLF)
Jarden analyst Tom Beadle maintained a Buy rating on Xero Limited today and set a price target of A$197.00. The company's shares closed last Tuesday at $116.01, close to its 52-week high of $118.88.
According to TipRanks.com, Beadle is a 2-star analyst with an average return of 0.0% and a 56.1% success rate. Beadle covers the NA sector, focusing on stocks such as Telstra Corporation Limited, TPG Telecom Limited, and REA Group Ltd.
Currently, the analyst consensus on Xero Limited is a Strong Buy with an average price target of $132.45, a 14.2% upside from current levels. In a report issued on May 19, Citi also maintained a Buy rating on the stock with a A$210.00 price target.
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