Technology sector stocks have been under the spotlight as analysts shared their insights on Block (XYZ), Appian (APPN), and International Business Machines (IBM).
Wells Fargo analyst Jason Kupferberg maintained a Buy rating on Block, setting a price target of $97.00. The company’s shares closed at $76.82 last Monday. Kupferberg’s ranking stands at 0 on a 0-5 scale, with an average return of -8.3% and a 46.4% success rate. Overall, the street suggests a Strong Buy consensus for Block, with an average price target of $100.04, indicating a 30.1% upside. BTIG also kept a Buy rating with a $100.00 price target.
Steve Enders from Citi maintained a Buy rating on Appian, with a price target of $40.00. The stock closed at $38.93 last Monday. Enders is a 1-star analyst with an average return of -2.6% and a 49.7% success rate. The general consensus for Appian is a Hold, with an average price target of $33.20, suggesting a -17.5% downside. TipRanks, Google also reiterated a Buy rating with a $42.00 price target.
UBS analyst David Vogt maintained a Hold rating on International Business Machines, setting a price target of $236.00. The shares closed at $227.02 last Monday. Vogt is a 4-star analyst with an average return of 10.9% and a 63.5% success rate. The street consensus for IBM is a Moderate Buy, with an average price target of $250.45, implying a 9.7% upside. Truist Financial initiated coverage with a Hold rating and a $240.00 price target.