Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Microsoft (MSFT – Research Report), Change Healthcare (CHNG – Research Report) and Spotify Technology SA (SPOT – Research Report).
Microsoft (MSFT)
In a report issued on April 3, Brad Zelnick from Credit Suisse maintained a Buy rating on Microsoft, with a price target of $190.00. The company’s shares closed last Monday at $165.27.
According to TipRanks.com, Zelnick is a 5-star analyst with an average return of 12.6% and a 65.2% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Zoom Video Communications, and Ceridian HCM Holding.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Microsoft with a $192.46 average price target, which is a 20.0% upside from current levels. In a report issued on March 24, Wells Fargo also maintained a Buy rating on the stock.
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Change Healthcare (CHNG)
In a report issued on April 3, Jailendra Singh from Credit Suisse maintained a Buy rating on Change Healthcare, with a price target of $17.00. The company’s shares closed last Monday at $9.56.
According to TipRanks.com, Singh is a 2-star analyst with an average return of -5.9% and a 62.5% success rate. Singh covers the Services sector, focusing on stocks such as Tivity Health, Hms Holdings, and Premier.
Change Healthcare has an analyst consensus of Strong Buy, with a price target consensus of $18.50.
Spotify Technology SA (SPOT)
Credit Suisse analyst Brian W Russo maintained a Hold rating on Spotify Technology SA yesterday and set a price target of $125.00. The company’s shares closed last Monday at $122.52.
Russo has an average return of 22.8% when recommending Spotify Technology SA.
According to TipRanks.com, Russo is ranked #3286 out of 6217 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spotify Technology SA with a $163.40 average price target, representing a 35.2% upside. In a report issued on March 24, Bernstein also upgraded the stock to Hold with a $124.00 price target.
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