Tech Titans: Analysts Weigh In on ADP, Backblaze, and Microsoft
Analysts have weighed in on three prominent technology companies: Automatic Data Processing (ADP), Backblaze (BLZE), and Microsoft (MSFT).
Bryan Keane from Citi maintains a Hold rating on ADP, with a price target of $287.00. The current consensus among analysts is also a Hold, with an average price target of $286.14, representing a 7.0% upside.
Keane's colleague at UBS also assigned a Hold rating to the stock with a $290.00 price target.
On the other hand, Mike Cikos from Needham maintains a Buy rating on Backblaze, with a price target of $23.00. The analyst consensus is Strong Buy for Backblaze, with an average price target of $22.83, representing a 63.6% upside.
Additionally, Rishi Jaluria from RBC Capital maintained a Buy rating on Microsoft, with a price target of $640.00. The company's shares closed last Wednesday at $491.65. The analyst consensus is also Strong Buy for Microsoft, with an average price target of $571.41, representing a 15.9% upside.