Analysts Have Conflicting Sentiments on These Technology Companies: Wix.com Ltd (NASDAQ: WIX), Netscout Systems (NASDAQ: NTCT) and Paypal Holdings (NASDAQ: PYPL)

By Carrie Williams

Analysts have been eager to weigh in on the Technology sector with new ratings on Wix.com Ltd (NASDAQ: WIX), Netscout Systems (NASDAQ: NTCT) and Paypal Holdings (NASDAQ: PYPL).

Wix.com Ltd (NASDAQ: WIX)

RBC Capital analyst Mark Mahaney reiterated a Hold rating on Wix.com Ltd (NASDAQ: WIX) on July 27 and set a price target of $81. The company’s shares closed yesterday at $63.90.

According to TipRanks.com, Mahaney is a top 25 analyst with an average return of 22.7% and a 71.6% success rate. Mahaney covers the Technology sector, focusing on stocks such as Global Payments Inc, IAC/InterActiveCorp, and Angie’s List Inc.

Wix.com Ltd has an analyst consensus of Strong Buy, with a price target consensus of $84.50.

Netscout Systems (NASDAQ: NTCT)

In a report issued on July 27, Matthew Hedberg from RBC Capital reiterated a Hold rating on Netscout Systems (NASDAQ: NTCT), with a price target of $35. The company’s shares closed yesterday at $34.75.

According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 26.4% and a 79.9% success rate. Hedberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Interactive Intelligence, and Verint Systems Inc.

Netscout Systems has an analyst consensus of Hold, with a price target consensus of $35.

Paypal Holdings (NASDAQ: PYPL)

RBC Capital analyst Daniel Perlin reiterated a Buy rating on Paypal Holdings (NASDAQ: PYPL) on July 26 and set a price target of $65. The company’s shares closed yesterday at $59.20, close to its 52-week high of $61.30.

According to TipRanks.com, Perlin is a top 100 analyst with an average return of 20.0% and a 88.0% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Automatic Data Processing, and Bottomline Technologies.

Currently, the analyst consensus on Paypal Holdings is Strong Buy and the average price target is $62.31, representing a 5.3% upside.

In a report issued on July 12, Credit Suisse also maintained a Buy rating on the stock with a $56 price target.

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