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Analysts’ Top Technology Picks: Cognizant (CTSH), Remitly Global (RELY)

Tipranks - Tipranks - Tue Jun 16, 9:26AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Cognizant (CTSH), Remitly Global (RELY) and Oracle (ORCL) with bullish sentiments.

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Cognizant (CTSH)

Jefferies analyst Surinder Thind maintained a Buy rating on Cognizant today and set a price target of $65.00. The company’s shares closed last Monday at $50.99.

According to TipRanks.com, Thind is a 3-star analyst with an average return of 1.4% and a 44.2% success rate. Thind covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Grid Dynamics Holdings, and ZoomInfo Technologies. ;'>

Cognizant has an analyst consensus of Moderate Buy, with a price target consensus of $71.88, a 37.9% upside from current levels. In a report issued on June 8, Wedbush also upgraded the stock to Buy with a $70.00 price target.

See today’s best-performing stocks on TipRanks >>

Remitly Global (RELY)

Wolfe Research analyst Darrin Peller maintained a Buy rating on Remitly Global yesterday and set a price target of $28.00. The company’s shares closed last Monday at $19.75.

According to TipRanks.com, Peller is a 5-star analyst with an average return of 7.4% and a 59.2% success rate. Peller covers the Technology sector, focusing on stocks such as Circle Internet Group, Inc. Class A, Jack Henry & Associates, and Fidelity National Info. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Remitly Global with a $25.25 average price target, which is a 30.6% upside from current levels. In a report issued on May 30, TipRanks – Anthropic also upgraded the stock to Buy with a $22.00 price target.

Oracle (ORCL)

Phillip Securities analyst Paul Chew maintained a Buy rating on Oracle today and set a price target of $237.00. The company’s shares closed last Monday at $193.90, close to its 52-week high of $198.31.

According to TipRanks.com, Chew is a 5-star analyst with an average return of 19.0% and a 63.9% success rate. Chew covers the Technology sector, focusing on stocks such as Palantir Technologies, Palo Alto Networks, and Salesforce. ;'>

Oracle has an analyst consensus of Strong Buy, with a price target consensus of $266.00, implying a 41.9% upside from current levels. In a report issued on June 1, J.P. Morgan also initiated coverage with a Buy rating on the stock.

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