Wall Street Analysts Are Bullish on Top Technology Picks

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There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Flywire (FLYWResearch Report), Snowflake (SNOWResearch Report) and Skillsoft (SKILResearch Report) with bullish sentiments.

Snowflake (SNOW)

Deutsche Numis analyst Brad Zelnick reiterated a Buy rating on Snowflake yesterday and set a price target of $220.00. The company’s shares closed last Thursday at $138.18, close to its 52-week low of $124.69.

According to TipRanks.com, Zelnick is a top 100 analyst with an average return of 14.5% and a 69.0% success rate. Zelnick covers the Technology sector, focusing on stocks such as Palantir Technologies, ZoomInfo Technologies, and Palo Alto Networks.

Snowflake has an analyst consensus of Strong Buy, with a price target consensus of $203.59, which is a 46.5% upside from current levels. In a report issued on June 27, Wells Fargo also maintained a Buy rating on the stock with a $200.00 price target.

Skillsoft (SKIL)

In a report released today, Raimo Lenschow from Barclays assigned a Buy rating to Skillsoft, with a price target of $20.00. The company’s shares closed last Thursday at $15.60.

According to TipRanks.com, Lenschow is a 1-star analyst with an average return of -0.6% and a 46.0% success rate. Lenschow covers the Technology sector, focusing on stocks such as The Descartes Systems Group, ZoomInfo Technologies, and DigitalOcean Holdings.

Skillsoft has an analyst consensus of Moderate Buy, with a price target consensus of $35.00.

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