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Analysts Offer Insights on Technology Companies: Pegasystems (PEGA) and Teledyne Technologies (TDY)

Tipranks - Tipranks - Thu Apr 23, 3:54PM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Pegasystems (PEGA) and Teledyne Technologies (TDY) with bullish sentiments.

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Pegasystems (PEGA)

William Blair analyst Patrick McIlwee maintained a Buy rating on Pegasystems today and set a price target of $39.00. The company’s shares closed last Wednesday at $37.48.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pegasystems with a $60.38 average price target, implying a 47.4% upside from current levels. In a report issued on April 14, Citi also maintained a Buy rating on the stock with a $70.00 price target.

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Teledyne Technologies (TDY)

Needham analyst James Ricchiuti reiterated a Buy rating on Teledyne Technologies today and set a price target of $735.00. The company’s shares closed last Wednesday at $656.69.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 25.8% and a 59.0% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Universal Display, and TTM Technologies. ;'>

Currently, the analyst consensus on Teledyne Technologies is a Moderate Buy with an average price target of $697.50, a 4.9% upside from current levels. In a report released today, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $749.00 price target.

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