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Analysts Offer Insights on Technology Companies: Paychex (PAYX) and Jabil (JBL)

Tipranks - Tipranks - Mon Jun 22, 9:54PM CDT

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

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Paychex (PAYX)

Stifel Nicolaus analyst David Grossman maintained a Hold rating on Paychex yesterday and set a price target of $110.00. The company’s shares closed last Thursday at $98.24.

According to TipRanks.com, Grossman is a 2-star analyst with an average return of 0.0% and a 45.8% success rate. Grossman covers the Technology sector, focusing on stocks such as International Business Machines, Automatic Data Processing, and Exlservice Holdings. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Paychex with a $105.75 average price target, which is an 8.0% upside from current levels. In a report issued on June 12, BMO Capital also maintained a Hold rating on the stock with a $103.00 price target.

See the top stocks recommended by analysts >>

Jabil (JBL)

In a report released yesterday, Ruben Roy from Stifel Nicolaus maintained a Buy rating on Jabil, with a price target of $460.00. The company’s shares closed last Thursday at $371.88.

According to TipRanks.com, Roy is a top 25 analyst with an average return of 61.5% and a 74.3% success rate. Roy covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Skyworks Solutions. ;'>

Jabil has an analyst consensus of Strong Buy, with a price target consensus of $447.00, implying a 15.1% upside from current levels. In a report issued on June 17, TipRanks – OpenAI also upgraded the stock to Buy with a $417.00 price target.

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