There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Universal Electronics (UEIC – Research Report) and Epam Systems (EPAM – Research Report) with bullish sentiments.
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Universal Electronics (UEIC)
Rosenblatt Securities analyst Steve Frankel reiterated a Buy rating on Universal Electronics yesterday and set a price target of $15.00. The company’s shares closed last Thursday at $9.22.
According to TipRanks.com, Frankel is ranked #4297 out of 9389 analysts.
Universal Electronics has an analyst consensus of Moderate Buy, with a price target consensus of $15.00.
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Epam Systems (EPAM)
In a report released yesterday, Mayank Tandon from Needham reiterated a Buy rating on Epam Systems, with a price target of $265.00. The company’s shares closed last Thursday at $225.07.
According to TipRanks.com, Tandon is a 3-star analyst with an average return of 2.2% and a 44.3% success rate. Tandon covers the Technology sector, focusing on stocks such as International Money Express, SS&C Technologies Holdings, and Grid Dynamics Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Epam Systems with a $273.56 average price target, implying a 16.2% upside from current levels. In a report issued on February 11, Guggenheim also maintained a Buy rating on the stock with a $290.00 price target.
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