Analysts Offer Insights on Technology Companies: Qualcomm Inc (NASDAQ: QCOM) and Pluralsight Inc (NASDAQ: PS)

By Ryan Adsit

Analysts have been eager to weigh in on the Technology sector with new ratings on Qualcomm Inc (QCOMResearch Report) and Pluralsight Inc (PSResearch Report).

Qualcomm Inc (QCOM)

In a report released today, Vijay Rakesh from Mizuho Securities maintained a Hold rating on Qualcomm Inc, with a price target of $68. The company’s shares closed yesterday at $73.16.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.6% and a 63.3% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Intel Corporation, and Texas Instruments.

Currently, the analyst consensus on Qualcomm Inc is a Moderate Buy with an average price target of $82.81, representing a 13.2% upside. In a report issued on July 18, Daiwa also initiated coverage with a Hold rating on the stock with a $76 price target.

See today’s analyst top recommended stocks >>

Pluralsight Inc (PS)

In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Pluralsight Inc, with a price target of $40. The company’s shares closed yesterday at $30.69.

Paris said:

“We believe that the growth trajectory and total potential market opportunity of the Pluralsight story warrants a premium multiple. As such, we are reiterating our OUTPERFORM investment rating and $40 price target.”

According to TipRanks.com, Paris is a 4-star analyst with an average return of 4.1% and a 49.3% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pluralsight Inc with a $36.67 average price target, a 19.5% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $26 price target.

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