Analysts Are Bullish on These Technology Stocks: VEEV, DXC

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Veeva Systems (NYSE: VEEV) and DXC Technology Company (NYSE: DXC) with bullish sentiments.

Veeva Systems (NYSE: VEEV)

In a report released today, Scott Berg from Needham reiterated a Buy rating on Veeva Systems (NYSE: VEEV), with a price target of $70. The company’s shares closed yesterday at $57.42.

According to TipRanks.com, Berg is a 5-star analyst with an average return of 11.0% and a 62.8% success rate. Berg covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Medidata Solutions, and Tyler Technologies.

Currently, the analyst consensus on Veeva Systems is Strong Buy and the average price target is $69.40, representing a 20.9% upside.

In a report issued on October 5, Canaccord Genuity also reiterated a Buy rating on the stock with a $70 price target.
DXC Technology Company (NYSE: DXC)

In a report released today, Keith Bachman from BMO Capital maintained a Buy rating on DXC Technology Company (NYSE: DXC), with a price target of $105. The company’s shares closed yesterday at $87.65, close to its 52-week high of $89.52.

According to TipRanks.com, Bachman is a 5-star analyst with an average return of 13.5% and a 69.1% success rate. Bachman covers the Technology sector, focusing on stocks such as Computer Sciences, Infosys Limited, and Microsoft Corp.

DXC Technology Company has an analyst consensus of Moderate Buy, with a price target consensus of $92.22.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.