Analysts’ Top Technology Picks: STMP, EEFT

By Jason Carr

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Stampscom (NASDAQ: STMP) and Euronet Worldwide (NASDAQ: EEFT) with bullish sentiments.

Stampscom (NASDAQ: STMP)

Northland Securities analyst Tim Klasell reiterated a Buy rating on Stampscom (NASDAQ: STMP) today and set a price target of $200. The company’s shares opened today at $198, close to its 52-week high of $220.25.

According to TipRanks.com, Klasell is a 5-star analyst with an average return of 15.7% and a 67.1% success rate. Klasell covers the Technology sector, focusing on stocks such as Tyler Technologies, CommVault Systems, and Jive Software Inc.

Stampscom has an analyst consensus of Strong Buy, with a price target consensus of $211.50.

Euronet Worldwide (NASDAQ: EEFT)

In a report released yesterday, Michael Grondahl from Northland Securities reiterated a Buy rating on Euronet Worldwide (NASDAQ: EEFT), with a price target of $110. The company’s shares opened today at $98.40, close to its 52-week high of $98.83.

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 21.6% and a 67.9% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, Health Insurance Innovations, and WisdomTree Investments.

Currently, the analyst consensus on Euronet Worldwide is Strong Buy and the average price target is $107, representing an 8.7% upside.

In a report issued on September 8, Piper Jaffray also reiterated a Buy rating on the stock with a $106 price target.

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