In the technology sector, analysts are feeling optimistic about Five9 (FIVN), Amazon (AMZN), and Expedia (EXPE), according to recent reports.
Starting with Five9, Canaccord Genuity analyst David Hynes has maintained a Buy rating on the stock and set a price target of $90.00. The company’s shares closed at $56.47 last Thursday. Hynes, a 5-star analyst with an average return of 11.1% and a 53.4% success rate, covers the Technology sector and focuses on stocks like Zeta Global Holdings Corp, Klaviyo, Inc. Class A, and ZoomInfo Technologies. The analyst consensus on Five9 is currently a Moderate Buy, with an average price target of $86.82, implying a 50.8% upside from current levels. Rosenblatt Securities also maintained a Buy rating on the stock with a $90.00 price target.
Moving on to Amazon, Loop Capital Markets analyst Rob Sanderson reiterated a Buy rating on the stock and set a price target of $205.00. The company’s shares closed at $138.07 last Thursday, near its 52-week high of $145.86. Sanderson, a 5-star analyst with an average return of 9.0% and a 53.2% success rate, covers the Technology sector and focuses on stocks like Uber Technologies, Alphabet Class A, and Meta Platforms. The general consensus among analysts is a Strong Buy rating for Amazon, with an average price target of $175.91, representing a 26.8% upside. Needham also maintained a Buy rating on the stock with a $160.00 price target.
Lastly, Expedia received a Buy rating from Bank of America Securities analyst Justin Post, who set a price target of $147.00. The company’s shares closed at $94.84 last Thursday. Post, a top 100 analyst with an average return of 19.4% and a 64.9% success rate, covers the Technology sector and focuses on stocks like Peloton Interactive, Uber Technologies, and Alphabet Class A. The analyst consensus on Expedia is currently a Moderate Buy, with an average price target of $126.78, representing a 33.4% upside. BTIG also maintained a Buy rating on the stock with a $150.00 price target.
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