Analysts Are Bullish on Top Technology Stocks: Shopify (SHOP), EML Payments (EMCHF)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Shopify (SHOP) and EML Payments (EMCHF) with bullish sentiments.
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Shopify (SHOP)
J.P. Morgan analyst Bryan Smilek maintained a Buy rating on Shopify on April 13 and set a price target of $150.00. The company’s shares closed last Tuesday at $117.64, close to its 52-week high of $129.38.
According to TipRanks.com, Smilek is ranked #11745 out of 12179 analysts.
Shopify has an analyst consensus of Strong Buy, with a price target consensus of $164.16, representing a 40.3% upside. In a report issued on April 1, CIBC also maintained a Buy rating on the stock with a $185.00 price target.
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EML Payments (EMCHF)
In a report issued on April 13, Richard Harrisberg from Canaccord Genuity maintained a Buy rating on EML Payments, with a price target of A$1.60. The company’s shares closed last Tuesday at $0.49.
According to TipRanks.com, Harrisberg is ranked #11580 out of 12179 analysts.
Currently, the analyst consensus on EML Payments is a Moderate Buy with an average price target of $0.73.
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