Analysts’ Top Technology Picks: ZEN, WU

By Jason Carr

Analysts fell to the sidelines weighing in on Zendesk (NYSE: ZEN), Western Union (NYSE: WU) and Yelp Inc (NYSE: YELP) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Zendesk (NYSE: ZEN)

In a report issued on November 1, Tom Roderick from Stifel Nicolaus reiterated a Hold rating on Zendesk (NYSE: ZEN), with a price target of $33. The company’s shares opened today at $32.50, close to its 52-week high of $35.

According to TipRanks.com, Roderick is a 5-star analyst with an average return of 12.5% and a 66.3% success rate. Roderick covers the Technology sector, focusing on stocks such as CSG Systems International, Synchronoss Technologies, and Nuance Communications.

Zendesk has an analyst consensus of Moderate Buy, with a price target consensus of $34.11.

Western Union (NYSE: WU)

Stifel Nicolaus analyst John Davis reiterated a Hold rating on Western Union (NYSE: WU) yesterday and set a price target of $20. The company’s shares opened today at $20.10.

According to TipRanks.com, Davis is a 5-star analyst with an average return of 47.2% and a 61.9% success rate. Davis covers the Technology sector, focusing on stocks such as Total System Services, Global Payments Inc, and Paypal Holdings.

Currently, the analyst consensus on Western Union is Moderate Sell and the average price target is $19.64, representing a -2.3% downside.

In a report issued on October 20, RBC Capital also reiterated a Hold rating on the stock with a $23 price target.
Yelp Inc (NYSE: YELP)

In a report released yesterday, John Egbert from Stifel Nicolaus reiterated a Hold rating on Yelp Inc (NYSE: YELP), with a price target of $40. The company’s shares opened today at $46.11, close to its 52-week high of $48.17.

According to TipRanks.com, Egbert is a 1-star analyst with an average return of -5.7% and a 39.4% success rate. Egbert covers the Technology sector, focusing on stocks such as Pandora Media, Criteo SA, and GrubHub.

Currently, the analyst consensus on Yelp Inc is Moderate Buy and the average price target is $44.65, representing a -3.2% downside.

In a report issued on October 27, Roth Capital also reiterated a Hold rating on the stock with a $35 price target.

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