Analysts Offer Insights on Technology Companies: Xilinx (NASDAQ: XLNX), Nutanix Inc (NASDAQ: NTNX) and Paycom (NYSE: PAYC)

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Xilinx (NASDAQ: XLNX), Nutanix Inc (NASDAQ: NTNX) and Paycom (NYSE: PAYC) with bullish sentiments.

Xilinx (NASDAQ: XLNX)

Credit Suisse analyst John Pitzer reiterated a Buy rating on Xilinx (NASDAQ: XLNX) on May 22 and set a price target of $70. The company’s shares closed yesterday at $63.97, close to its 52-week high of $67.75.

According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 19.3% and a 72.2% success rate. Pitzer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Rudolph Technologies, and NXP Semiconductors.

Currently, the analyst consensus on Xilinx is Moderate Buy and the average price target is $63, representing a -1.5% downside.

In a report issued on May 8, KeyBanc also reiterated a Buy rating on the stock.
Nutanix Inc (NASDAQ: NTNX)

Credit Suisse analyst Kulbinder Garcha reiterated a Buy rating on Nutanix Inc (NASDAQ: NTNX) yesterday and set a price target of $38. The company’s shares closed yesterday at $17.02, close to its 52-week low of $14.38.

According to TipRanks.com, Garcha is a 5-star analyst with an average return of 8.2% and a 56.5% success rate. Garcha covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Lexmark International, and Motorola Solutions.

Currently, the analyst consensus on Nutanix Inc is Moderate Buy and the average price target is $31.43, representing an 84.7% upside.

In a report issued on May 22, Goldman Sachs also upgraded the stock to Buy.
Paycom (NYSE: PAYC)

Credit Suisse analyst Michael Nemeroff reiterated a Buy rating on Paycom (NYSE: PAYC) yesterday and set a price target of $70. The company’s shares closed yesterday at $64.60, close to its 52-week high of $65.76.

Nemeroff commented:

“We hosted several institutional investor meetings with PAYC CEO Chad Richison and CFO Craig Boelte, which reinforced our positive view on its business momentum and gave us increased confidence that the company will meet, or exceed, its 2017 financial targets.”

According to TipRanks.com, Nemeroff is a 5-star analyst with an average return of 12.7% and a 55.5% success rate. Nemeroff covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Cornerstone Ondemand, and Verint Systems Inc.

Paycom has an analyst consensus of Moderate Buy, with a price target consensus of $65.17.

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