Analysts Are Bullish on These Technology Stocks: RNG, QLYS

By Carrie Williams

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on RingCentral (NYSE: RNG) and Qualys (NASDAQ: QLYS) with bullish sentiments.

RingCentral (NYSE: RNG)

In a report released yesterday, Samad Samana from Stephens reiterated a Buy rating on RingCentral (NYSE: RNG), with a price target of $60. The company’s shares closed yesterday at $57.15, close to its 52-week high of $58.70.

According to TipRanks.com, Samana is a 4-star analyst with an average return of 15.7% and a 73.2% success rate. Samana covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Cornerstone Ondemand, and Ultimate Software.

Currently, the analyst consensus on RingCentral is Moderate Buy and the average price target is $61.56, representing a 7.7% upside.

In a report issued on February 12, Jefferies also reiterated a Buy rating on the stock with a $64 price target.
Qualys (NASDAQ: QLYS)

In a report released yesterday, Jonathan Ruykhaver from Stephens reiterated a Buy rating on Qualys (NASDAQ: QLYS), with a price target of $70. The company’s shares closed yesterday at $67.30, close to its 52-week high of $67.95.

According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 20.0% and a 80.0% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Barracuda Networks, Netscout Systems, and Zix Corporation.

Currently, the analyst consensus on Qualys is Moderate Buy and the average price target is $67, representing a -0.4% downside.

In a report released yesterday, Northland Securities also reiterated a Buy rating on the stock with a $70 price target.

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