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Analysts Offer Insights on Technology Companies: Datadog (DDOG), Paycom (PAYC) and PTC (PTC)

Tipranks - Tipranks - Fri May 8, 7:40AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Datadog (DDOG), Paycom (PAYC) and PTC (PTC).

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Datadog (DDOG)

TD Cowen analyst Derrick Wood initiated coverage with a Buy rating on Datadog today and set a price target of $190.00. The company’s shares closed last Wednesday at $143.71.

According to TipRanks.com, Wood is a 1-star analyst with an average return of -0.1% and a 42.9% success rate. Wood covers the Technology sector, focusing on stocks such as Klaviyo, Inc. Class A, Tyler Technologies, and Rimini Street. ;'>

Datadog has an analyst consensus of Strong Buy, with a price target consensus of $176.39, a 22.7% upside from current levels. In a report issued on May 5, TipRanks – PerPlexity also upgraded the stock to Buy with a $163.00 price target.

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Paycom (PAYC)

In a report released today, Brian Schwartz from Oppenheimer maintained a Hold rating on Paycom. The company’s shares closed last Wednesday at $126.36.

According to TipRanks.com, Schwartz is a 4-star analyst with an average return of 5.2% and a 45.9% success rate. Schwartz covers the Technology sector, focusing on stocks such as Figma, Inc. Class A, EverCommerce, and Monday.com. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paycom with a $148.92 average price target, implying a 14.8% upside from current levels. In a report released today, William Blair also maintained a Hold rating on the stock.

PTC (PTC)

In a report released today, Kenneth Wong from Oppenheimer reiterated a Buy rating on PTC, with a price target of $200.00. The company’s shares closed last Wednesday at $136.77.

According to TipRanks.com, Wong is a 4-star analyst with an average return of 6.9% and a 51.1% success rate. Wong covers the Technology sector, focusing on stocks such as Procore Technologies, Tyler Technologies, and Roper Technologies. ;'>

Currently, the analyst consensus on PTC is a Moderate Buy with an average price target of $181.33, representing a 33.7% upside. In a report issued on April 24, BMO Capital also maintained a Buy rating on the stock with a $170.00 price target.

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