Theres a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on SAP AG (SAP – Research Report), CarGurus (CARG – Research Report) and VTEX (VTEX – Research Report) with bullish sentiments. SAP AG (SAP) In a report released today, Nay Soe Naing from Berenberg Bank initiated coverage with a Buy rating on SAP AG. The companys shares closed last Tuesday at $88.23.

According to TipRanks.com, Naing is ranked #6114 out of 7907 analysts.

SAP AG has an analyst consensus of Moderate Buy, with a price target consensus of $127.21.

See today’s best-performing stocks on TipRanks >>CarGurus (CARG) Needham analyst Chris Pierce maintained a Buy rating on CarGurus today and set a price target of $32.00. The companys shares closed last Tuesday at $22.72, close to its 52-week low of $20.15.

According to TipRanks.com, Pierce is ranked #7816 out of 7907 analysts.

Currently, the analyst consensus on CarGurus is a Strong Buy with an average price target of $37.63, representing a 71.8% upside. In a report issued on June 21, BTIG also maintained a Buy rating on the stock with a $33.00 price target.

VTEX (VTEX) In a report released today, Diego M. Aragao from Goldman Sachs maintained a Buy rating on VTEX, with a price target of $6.00. The companys shares closed last Tuesday at $3.05, close to its 52-week low of $2.74.

According to TipRanks.com, Aragao is ranked 0 out of 5 stars with an average return of -12.3% and a 34.4% success rate. Aragao covers the Technology sector, focusing on stocks such as Grupo Televisa, S.A.B., Globant SA, and Zenvia.

VTEX has an analyst consensus of Strong Buy, with a price target consensus of $7.70, a 160.1% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $6.50 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Read More on SAP:

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