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Analysts Offer Insights on Technology Companies: KLA (KLAC) and SPS Commerce (SPSC)

Tipranks - Tipranks - Sat Jan 31, 10:08AM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on KLA (KLAC – Research Report) and SPS Commerce (SPSC – Research Report) with bullish sentiments.

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KLA (KLAC)

Citi analyst Atif Malik maintained a Buy rating on KLA today and set a price target of $1800.00. The company’s shares closed last Friday at $1485.37.

According to TipRanks.com, Malik is a top 25 analyst with an average return of 38.3% and a 75.3% success rate. Malik covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Keysight Technologies, and GlobalFoundries Inc. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for KLA with a $1693.62 average price target, implying a 10.0% upside from current levels. In a report issued on January 15, Wells Fargo also upgraded the stock to Buy with a $1600.00 price target.

See the top stocks recommended by analysts >>

SPS Commerce (SPSC)

In a report released today, Jeff Van Rhee from Craig-Hallum maintained a Buy rating on SPS Commerce. The company’s shares closed last Friday at $87.57.

According to TipRanks.com, Rhee is a 5-star analyst with an average return of 19.7% and a 51.6% success rate. Rhee covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, Frequency Electronics, and Alkami Technology. ;'>

Currently, the analyst consensus on SPS Commerce is a Moderate Buy with an average price target of $98.06.

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