Analysts Are Bullish on Top Technology Picks

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Take-Two (NASDAQ: TTWO) and Cogent Comms. (NASDAQ: CCOI) with bullish sentiments.

Take-Two (NASDAQ: TTWO)

Oppenheimer analyst Andrew Uerkwitz assigned a Buy rating to Take-Two (NASDAQ: TTWO) today and set a price target of $54. The company’s shares opened today at $49.22, close to its 52-week high of $49.99.

According to TipRanks.com, Uerkwitz is a 5-star analyst with an average return of 7.0% and a 50.8% success rate. Uerkwitz covers the Technology sector, focusing on stocks such as Activision Blizzard, Tower Semiconductor, and Himax Technologies.

Currently, the analyst consensus on Take-Two is Moderate Buy and the average price target is $49.49, representing a 0.5% upside.

In a report issued on October 24, Piper Jaffray also reiterated a Buy rating on the stock with a $51 price target.
Cogent Comms. (NASDAQ: CCOI)

In a report released today, Timothy Horan from Oppenheimer assigned a Buy rating to Cogent Comms. (NASDAQ: CCOI), with a price target of $45. The company’s shares opened today at $35.

According to TipRanks.com, Horan is a top 25 analyst with an average return of 7.2% and a 68.2% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding N.V., Boingo Wireless Inc., and Riverbed Technology.

Cogent Comms. has an analyst consensus of Moderate Buy, with a price target consensus of $37.50.