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Analysts Conflicted on These Technology Names: Duolingo (DUOL), Block (XYZ) and Paycom (PAYC)

Tipranks - Thu Aug 6, 11:50PM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Duolingo (DUOL), Block (XYZ) and Paycom (PAYC).

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Duolingo (DUOL)

In a report released today, Mark Mahaney from Evercore ISI maintained a Hold rating on Duolingo, with a price target of $105.00. The company’s shares closed last Wednesday at $135.32.

According to TipRanks.com, Mahaney is a 5-star analyst with an average return of 14.1% and a 57.0% success rate. Mahaney covers the Technology sector, focusing on stocks such as Ibotta, Inc. Class A, Uber Technologies, and Life360, Inc. ;'>

Currently, the analyst consensus on Duolingo is a Hold with an average price target of $116.00, which is a -16.1% downside from current levels. In a report issued on July 28, Scotiabank also maintained a Hold rating on the stock with a $130.00 price target.

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Block (XYZ)

In a report released today, Bryan Bergin from TD Cowen maintained a Buy rating on Block, with a price target of $105.00. The company’s shares closed last Wednesday at $84.20.

According to TipRanks.com, Bergin ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -2.8% and a 43.8% success rate. Bergin covers the Technology sector, focusing on stocks such as Priority Technology Holdings, Fidelity National Info, and Grid Dynamics Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Block with a $93.75 average price target, implying a 9.9% upside from current levels. In a report issued on July 31, TipRanks – OpenAI also upgraded the stock to Buy with a $93.00 price target.

Paycom (PAYC)

Jefferies analyst Samad Samana maintained a Hold rating on Paycom yesterday and set a price target of $160.00. The company’s shares closed last Wednesday at $174.80.

According to TipRanks.com, Samana is a 2-star analyst with an average return of 0.8% and a 45.1% success rate. Samana covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Zoom Video Communications, and Automatic Data Processing. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paycom with a $160.70 average price target, a -10.0% downside from current levels. In a report issued on July 21, Cantor Fitzgerald also maintained a Hold rating on the stock.

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