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Analysts Offer Insights on Technology Companies: Veeva Systems (VEEV) and Opendoor Technologies (OPEN)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Veeva Systems (VEEVResearch Report) and Opendoor Technologies (OPENResearch Report) with bullish sentiments.

Veeva Systems (VEEV)

In a report released today, Joe Goodwin from JMP Securities maintained a Buy rating on Veeva Systems, with a price target of $215.00. The company’s shares closed last Friday at $179.33.

According to TipRanks.com, Goodwin is a 1-star analyst with an average return of -4.5% and a 48.0% success rate. Goodwin covers the Technology sector, focusing on stocks such as Consensus Cloud Solutions, Procore Technologies, and Tyler Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veeva Systems with a $213.00 average price target, implying a 17.4% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $250.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Opendoor Technologies (OPEN)

JMP Securities analyst Nicholas Jones CFA maintained a Buy rating on Opendoor Technologies today and set a price target of $4.00. The company’s shares closed last Friday at $1.73, close to its 52-week low of $1.46.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 8.7% and a 47.5% success rate. CFA covers the Technology sector, focusing on stocks such as Offerpad Solutions, PropertyGuru Group, and CarGurus.

Currently, the analyst consensus on Opendoor Technologies is a Strong Buy with an average price target of $5.69.

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