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Analysts’ Top Technology Picks: Procore Technologies (PCOR), Monolithic Power (MPWR)

Tipranks - Sat Feb 7, 3:46AM CST

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Procore Technologies (PCORResearch Report), Monolithic Power (MPWRResearch Report) and SS&C Technologies Holdings (SSNCResearch Report) with bullish sentiments.

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Procore Technologies (PCOR)

KeyBanc analyst Jason Celino maintained a Buy rating on Procore Technologies today and set a price target of $80.00. The company’s shares closed last Thursday at $51.71, close to its 52-week low of $49.46.

According to TipRanks.com, Celino is a 4-star analyst with an average return of 4.5% and a 52.1% success rate. Celino covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Paylocity, and Atlassian. ;'>

Procore Technologies has an analyst consensus of Strong Buy, with a price target consensus of $81.70, implying a 56.0% upside from current levels. In a report issued on January 22, TipRanks – Google also upgraded the stock to Buy with a $71.00 price target.

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Monolithic Power (MPWR)

In a report released today, John Vinh from KeyBanc maintained a Buy rating on Monolithic Power, with a price target of $1500.00. The company’s shares closed last Thursday at $1155.99.

According to TipRanks.com, Vinh is a 5-star analyst with an average return of 22.2% and a 62.0% success rate. Vinh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Silicon Laboratories. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Monolithic Power with a $1337.50 average price target, representing a 18.8% upside. In a report issued on January 26, Wells Fargo also maintained a Buy rating on the stock with a $1200.00 price target.

SS&C Technologies Holdings (SSNC)

In a report released today, Surinder Thind from Jefferies reiterated a Buy rating on SS&C Technologies Holdings, with a price target of $105.00. The company’s shares closed last Thursday at $74.98.

According to TipRanks.com, Thind is a 4-star analyst with an average return of 5.4% and a 51.8% success rate. Thind covers the Technology sector, focusing on stocks such as SEMrush Holdings, Fair Isaac, and Globant SA. ;'>

Currently, the analyst consensus on SS&C Technologies Holdings is a Strong Buy with an average price target of $105.33, implying a 39.5% upside from current levels. In a report issued on January 22, D.A. Davidson also maintained a Buy rating on the stock with a $106.00 price target.

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