Analysts Offer Insights on Technology Companies: Pluralsight Inc (NASDAQ: PS) and Sykes Enterprises Inc (NASDAQ: SYKE)

By Carrie Williams

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Pluralsight Inc (PSResearch Report) and Sykes Enterprises Inc (SYKEResearch Report).

Pluralsight Inc (PS)

In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Pluralsight Inc, with a price target of $30. The company’s shares closed last Monday at $17.09, close to its 52-week low of $14.84.

Paris commented:

“We believe that the growth trajectory and total potential market opportunity of the Pluralsight story warrant a premium multiple. As such, we are reiterating our OUTPERFORM investment rating and our $30 price target, which we recently reduced from $40, to reflect the increased volatility in its shares as well as lower peer group valuation multiples, still suggesting nearly a double from current levels.”

According to TipRanks.com, Paris is a 1-star analyst with an average return of -0.5% and a 41.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

Currently, the analyst consensus on Pluralsight Inc is a Strong Buy with an average price target of $28.50.

See today’s analyst top recommended stocks >>

Sykes Enterprises Inc (SYKE)

Barrington analyst Vincent Colicchio maintained a Hold rating on Sykes Enterprises Inc today. The company’s shares closed last Monday at $31, close to its 52-week high of $31.47.

According to TipRanks.com, Colicchio is a 1-star analyst with an average return of -2.1% and a 55.0% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Computer Task, and HealthStream.

Sykes Enterprises Inc has an analyst consensus of Moderate Buy, with a price target consensus of $36.

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