Analysts have been closely watching three major technology companies this week: Five9 (FIVN), International Business Machines (IBM), and Zoom Communications Inc (ZM).
Taylor McGinnis from UBS maintained a Buy rating on Five9, setting a price target of $48.00. The stock closed last Thursday at $35.10. McGinnis is a 1-star analyst with a 42.4% success rate. The consensus among analysts is a Moderate Buy, with an average price target of $36.72, suggesting a 12.7% upside from current levels. Barclays also kept a Buy rating, raising its price target to $40.00 from $34.00.
J.P. Morgan analyst Brian Essex reiterated a Buy rating on IBM, with a price target of $250.00. IBM's shares closed last Thursday at $234.12. Essex is a 5-star analyst with a 59.5% success rate. The analyst consensus for IBM is also a Moderate Buy, with an average price target of $246.35, indicating an 8.8% upside. Yorkville Ives & Co initiated coverage with a Buy rating and a $275.00 price target.
Samik Chatterjee from J.P. Morgan maintained a Hold rating on Zoom Communications Inc, with the stock closing last Thursday at $98.51. Chatterjee is a top 25 analyst with a 73.8% success rate. The consensus for Zoom is a Moderate Buy, with an average price target of $119.29.