Analysts Conflicted on These Technology Names: Inovalon (NASDAQ: INOV), Epam Systems Inc (NYSE: EPAM) and Square Inc (NYSE: SQ)

By Carrie Williams

Analysts have been eager to weigh in on the Technology sector with new ratings on Inovalon (NASDAQ: INOV), Epam Systems Inc (NYSE: EPAM) and Square Inc (NYSE: SQ).

Inovalon (NASDAQ: INOV)

KeyBanc analyst Donald Hooker reiterated a Hold rating on Inovalon (NASDAQ: INOV) yesterday. The company’s shares closed yesterday at $17.10, close to its 52-week high of $17.80.

According to TipRanks.com, Hooker is a 5-star analyst with an average return of 12.3% and a 70.6% success rate. Hooker covers the Services sector, focusing on stocks such as Quintiles Transnational, Quest Diagnostics Inc, and INC Research Holdings.

Currently, the analyst consensus on Inovalon is Hold and the average price target is $13.50, representing a -21.1% downside.

In a report released yesterday, Morgan Stanley also upgraded the stock to Hold with a $14 price target.
Epam Systems Inc (NYSE: EPAM)

KeyBanc analyst Arvind Ramnani reiterated a Buy rating on Epam Systems Inc (NYSE: EPAM) yesterday and set a price target of $94. The company’s shares closed yesterday at $87.61, close to its 52-week high of $87.93.

According to TipRanks.com, Ramnani is a 5-star analyst with an average return of 15.9% and a 96.0% success rate. Ramnani covers the Technology sector, focusing on stocks such as Fidelity National Info, DXC Technology Company, and Computer Sciences.

Currently, the analyst consensus on Epam Systems Inc is Strong Buy and the average price target is $95.22, representing an 8.7% upside.

In a report released yesterday, Merrill Lynch also initiated coverage with a Buy rating on the stock with a $110 price target.
Square Inc (NYSE: SQ)

In a report issued on September 11, Josh Beck from KeyBanc reiterated a Buy rating on Square Inc (NYSE: SQ), with a price target of $29. The company’s shares closed yesterday at $27.27, close to its 52-week high of $27.97.

According to TipRanks.com, Beck is a 5-star analyst with an average return of 13.6% and a 80.5% success rate. Beck covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Alliance Data Systems, and Total System Services.

Currently, the analyst consensus on Square Inc is Moderate Buy and the average price target is $28.93, representing a 6.1% upside.

In a report issued on September 5, RBC Capital also reiterated a Buy rating on the stock with a $31 price target.

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.