Analysts’ Top Technology Picks: IBM, EPAY

By Carrie Williams

Analysts fell to the sidelines weighing in on IBM (NYSE: IBM), Bottomline Technologies (NASDAQ: EPAY) and Benefitfocus (NASDAQ: BNFT) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

IBM (NYSE: IBM)

RBC Capital analyst Amit Daryanani reiterated a Hold rating on IBM (NYSE: IBM) yesterday and set a price target of $160. The company’s shares opened today at $147.48.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 28.4% and a 90.4% success rate. Daryanani covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Benchmark Electronics.

IBM has an analyst consensus of Hold, with a price target consensus of $158.

Bottomline Technologies (NASDAQ: EPAY)

In a report released yesterday, Daniel Perlin from RBC Capital reiterated a Hold rating on Bottomline Technologies (NASDAQ: EPAY), with a price target of $29. The company’s shares opened today at $33.06, close to its 52-week high of $34.44.

According to TipRanks.com, Perlin is a top 100 analyst with an average return of 22.0% and a 86.8% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Automatic Data Processing, and Jack Henry & Associates.

Bottomline Technologies has an analyst consensus of Strong Buy, with a price target consensus of $32.33.

Benefitfocus (NASDAQ: BNFT)

RBC Capital analyst Ross MacMillan reiterated a Hold rating on Benefitfocus (NASDAQ: BNFT) yesterday and set a price target of $29. The company’s shares opened today at $30.90.

According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 21.9% and a 81.8% success rate. MacMillan covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Intralinks Holdings, and Verint Systems Inc.

Benefitfocus has an analyst consensus of Strong Buy, with a price target consensus of $36.83.

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