Analysts Weigh in on Salesforce, Priority Tech, and Wisetech Global
Analysts have been weighing in on several technology companies this week, including Salesforce (CRM), Priority Technology Holdings (PRTH), and Wisetech Global (WTCHF).
Salesforce has received a number of positive ratings from analysts, with Piper Sandler's Billy Fitzsimmons maintaining a Buy rating and setting a price target of $280.00. This is slightly higher than the current share price of $205.62. Fitzsimmons is a 4-star analyst with an average return of 14.9% and a 72.6% success rate, covering stocks such as Klaviyo, Inc. Class A and Toast Inc.
The consensus among analysts on Salesforce is Moderate Buy, with a price target consensus of $264.36 representing a 32.2% upside from the current share price. J.P. Morgan also maintains a Buy rating on the stock with a $250.00 price target.
Priority Technology Holdings has also received positive ratings, with B. Riley Securities' Hal Goetsch reiterating a Buy rating and setting a price target of $11.00. The company's shares closed last Wednesday at $5.61. Goetsch is a 5-star analyst with an average return of 29.2% and a 56.9% success rate, covering stocks such as Atlanticus Holdings and Coinbase Global.
The general consensus on Priority Technology Holdings is Moderate Buy, with a $9.10 average price target representing a 64.0% upside from the current share price.
In contrast, Wisetech Global has received a downgrade from Jefferies' Roger Samuel, who downgraded the company to Hold with a price target of A$45.00. The company's shares closed last Tuesday at $31.08. Currently, the analyst consensus on Wisetech Global is Strong Buy with an average price target of $41.23, implying a 32.7% upside from the current share price.