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Analysts Offer Insights on Technology Companies: Netscout Systems (NTCT) and Paychex (PAYX)

Tipranks - Tue Mar 31, 8:32AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Netscout Systems (NTCT) and Paychex (PAYX).

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Netscout Systems (NTCT)

In a report released today, Erik Suppiger from B. Riley Securities reiterated a Buy rating on Netscout Systems, with a price target of $35.00. The company’s shares closed last Monday at $32.18.

According to TipRanks.com, Suppiger is a 5-star analyst with an average return of 18.8% and a 57.7% success rate. Suppiger covers the Technology sector, focusing on stocks such as Varonis Systems, Bandwidth, and AvePoint. ;'>

Netscout Systems has an analyst consensus of Moderate Buy, with a price target consensus of $32.00, a 0.4% upside from current levels. In a report issued on March 20, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $34.00 price target.

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Paychex (PAYX)

Cantor Fitzgerald analyst Ramsey El Assal maintained a Sell rating on Paychex today and set a price target of $90.00. The company’s shares closed last Monday at $92.87.

According to TipRanks.com, Assal has 0 stars on 0-5 stars ranking scale with an average return of -4.3% and a 44.3% success rate. Assal covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Affirm Holdings. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Paychex with a $104.25 average price target, which is a 13.7% upside from current levels. In a report issued on March 26, Wells Fargo also maintained a Sell rating on the stock with a $95.00 price target.

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