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Analysts Have Conflicting Sentiments on These Technology Companies: Paylocity (PCTY) and Corning (GLW)

Tipranks - Mon Apr 6, 11:30AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Paylocity (PCTY) and Corning (GLW).

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Paylocity (PCTY)

In a report issued on April 2, Kevin Mcveigh from UBS maintained a Hold rating on Paylocity, with a price target of $120.00. The company’s shares closed last Thursday at $106.14.

According to TipRanks.com, Mcveigh is a 3-star analyst with an average return of 2.1% and a 51.4% success rate. Mcveigh covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, SS&C Technologies Holdings, and Automatic Data Processing. ;'>

Currently, the analyst consensus on Paylocity is a Strong Buy with an average price target of $167.81, which is a 59.5% upside from current levels. In a report issued on March 29, TipRanks – PerPlexity also downgraded the stock to Hold with a $109.00 price target.

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Corning (GLW)

In a report issued on April 3, John Roberts CFA from Mizuho Securities maintained a Buy rating on Corning, with a price target of $155.00. The company’s shares closed last Thursday at $147.92.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 6.4% and a 57.2% success rate. CFA covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Air Products and Chemicals, and Sherwin-Williams Company. ;'>

Currently, the analyst consensus on Corning is a Moderate Buy with an average price target of $139.36, representing a 2.2% upside. In a report issued on March 23, Bank of America Securities also reiterated a Buy rating on the stock with a $155.00 price target.

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