Analysts Conflicted on These Technology Names: Salesforce.com (NYSE: CRM), Verizon (NYSE: VZ) and Tim Participacoes (NYSE: TSU)

By Ryan Adsit

Analysts have been eager to weigh in on the Technology sector with new ratings on Salesforce.com (NYSE: CRM), Verizon (NYSE: VZ) and Tim Participacoes (NYSE: TSU).

Salesforce.com (NYSE: CRM)

RBC Capital analyst Ross MacMillan reiterated a Buy rating on Salesforce.com (NYSE: CRM) yesterday and set a price target of $102. The company’s shares opened today at $90.62, close to its 52-week high of $92.13.

According to TipRanks.com, MacMillan is a top 25 analyst with an average return of 24.1% and a 85.2% success rate. MacMillan covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Intralinks Holdings, and Verint Systems Inc.

Currently, the analyst consensus on Salesforce.com is Strong Buy and the average price target is $100.11, representing a 10.5% upside.

In a report issued on July 27, Northland Securities also reiterated a Buy rating on the stock with a $105 price target.
Verizon (NYSE: VZ)

In a report released yesterday, Jonathan Atkin from RBC Capital reiterated a Hold rating on Verizon (NYSE: VZ), with a price target of $50. The company’s shares opened today at $47.94.

According to TipRanks.com, Atkin is a top 25 analyst with an average return of 17.2% and a 85.8% success rate. Atkin covers the Financial sector, focusing on stocks such as Summit Hotel Properties, Landmark Infrastructure, and Education Realty Trust.

Currently, the analyst consensus on Verizon is Hold and the average price target is $49.80, representing a 3.9% upside.

In a report issued on July 18, Cowen & Co. also reiterated a Hold rating on the stock with a $49 price target.
Tim Participacoes (NYSE: TSU)

RBC Capital analyst Julio Arciniegas reiterated a Hold rating on Tim Participacoes (NYSE: TSU) today and set a price target of $15.50. The company’s shares opened today at $17.08, close to its 52-week high of $17.28.

According to TipRanks.com, Arciniegas is a 1-star analyst with an average return of -5.2% and a 42.9% success rate. Arciniegas covers the Technology sector, focusing on stocks such as Telefonica Brasil, Swisscom AG (ADR), and America Movil.

Tim Participacoes has an analyst consensus of Moderate Buy, with a price target consensus of $17.25.

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