Analysts’ Top Technology Picks: SEDG, LPSN

By Austin Angelo

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on SolarEdge Technologies (NASDAQ: SEDG), Liveperson (NASDAQ: LPSN) and PTC Inc (NASDAQ: PTC) with bullish sentiments.

SolarEdge Technologies (NASDAQ: SEDG)

Roth Capital analyst Philip Shen reiterated a Buy rating on SolarEdge Technologies (NASDAQ: SEDG) yesterday and set a price target of $25. The company’s shares closed yesterday at $14, close to its 52-week low of $12.70.

According to TipRanks.com, Shen is ranked 0 out of 5 stars with an average return of -18.0% and a 23.1% success rate. Shen covers the Technology sector, focusing on stocks such as Maxwell Technologies, Orion Energy Systems, and Canadian Solar Inc.

Currently, the analyst consensus on SolarEdge Technologies is Moderate Buy and the average price target is $17.50, representing a 25.0% upside.

In a report issued on November 7, Canaccord Genuity also maintained a Buy rating on the stock with a $20 price target.
Liveperson (NASDAQ: LPSN)

In a report released yesterday, Richard Baldry from Roth Capital reiterated a Buy rating on Liveperson (NASDAQ: LPSN), with a price target of $10. The company’s shares closed yesterday at $8.20, close to its 52-week high of $8.74.

According to TipRanks.com, Baldry is a 4-star analyst with an average return of 5.6% and a 52.5% success rate. Baldry covers the Technology sector, focusing on stocks such as Sapiens International Corporation, Interactive Intelligence, and Callidus Software.

Currently, the analyst consensus on Liveperson is Moderate Buy and the average price target is $10, representing a 22.0% upside.

In a report released yesterday, Benchmark Co. also reiterated a Buy rating on the stock with a $10 price target.
PTC Inc (NASDAQ: PTC)

In a report released yesterday, Yun Kim from Brean Capital reiterated a Buy rating on PTC Inc (NASDAQ: PTC), with a price target of $62. The company’s shares closed yesterday at $46.95, close to its 52-week high of $47.64.

According to TipRanks.com, Kim is a 4-star analyst with an average return of 7.2% and a 52.1% success rate. Kim covers the Technology sector, focusing on stocks such as Manhattan Associates, Microstrategy Inc., and Varonis Systems.

Currently, the analyst consensus on PTC Inc is Strong Buy and the average price target is $59, representing a 25.7% upside.

In a report issued on October 27, Wedbush also reiterated a Buy rating on the stock with a $54 price target.