Analysts Offer Insights on Technology Companies: J2 Global (NASDAQ: JCOM) and Smartsheet Inc (NYSE: SMAR)

By Jason Carr

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on J2 Global (JCOMResearch Report) and Smartsheet Inc (SMARResearch Report) with bullish sentiments.

J2 Global (JCOM)

JMP Securities analyst Patrick Walravens maintained a Buy rating on J2 Global today and set a price target of $105.00. The company’s shares closed last Monday at $88.16, close to its 52-week high of $92.28.

According to TipRanks.com, Walravens is a top 100 analyst with an average return of 18.0% and a 66.7% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications Inc Class A, Cornerstone Ondemand, and Tyler Technologies.

J2 Global has an analyst consensus of Moderate Buy, with a price target consensus of $102.50.

See today’s analyst top recommended stocks >>

Smartsheet Inc (SMAR)

In a report released today, Alex Zukin from RBC Capital maintained a Buy rating on Smartsheet Inc, with a price target of $53.00. The company’s shares closed last Monday at $35.72.

According to TipRanks.com, Zukin is a top 100 analyst with an average return of 23.7% and a 72.1% success rate. Zukin covers the Technology sector, focusing on stocks such as Zoom Video Communications Inc Class A, Coupa Software Inc, and Salesforce.com.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Smartsheet Inc with a $52.56 average price target, representing a 47.1% upside. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $45.00 price target.

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