Analysts Offer Insights on Technology Companies: Model N (NYSE: MODN) and Alphabet Inc (NASDAQ: GOOGL)

By Carrie Williams

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Model N (MODNResearch Report) and Alphabet Inc (GOOGLResearch Report) with bullish sentiments.

Model N (MODN)

National Securities Corp analyst Ilya Grozovsky maintained a Buy rating on Model N today and set a price target of $23. The company’s shares closed yesterday at $18.07.

According to TipRanks.com, Grozovsky is a 4-star analyst with an average return of 10.3% and a 58.0% success rate. Grozovsky covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Mitek Systems Inc, and Digimarc Corp.

Model N has an analyst consensus of Moderate Buy, with a price target consensus of $23, implying a 27.3% upside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $23 price target.

See today’s analyst top recommended stocks >>

Alphabet Inc (GOOGL)

Monness analyst Brian White maintained a Buy rating on Alphabet Inc today and set a price target of $1315. The company’s shares closed yesterday at $1178.86.

According to TipRanks.com, White is a top 25 analyst with an average return of 25.4% and a 75.7% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Cloudera Inc.

Alphabet Inc has an analyst consensus of Strong Buy, with a price target consensus of $1348, a 14.3% upside from current levels. In a report issued on April 23, Robert W. Baird also maintained a Buy rating on the stock.

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