There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Autodesk (ADSK) and Rackspace Technology (RXT) with bullish sentiments.
RBC Capital analyst Matthew Hedberg maintained a Buy rating on Autodesk on February 19 and set a price target of $340.00. The company’s shares closed last Friday at $305.40, close to its 52-week high of $321.13.
According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 41.7% and a 80.7% success rate. Hedberg covers the Technology sector, focusing on stocks such as