There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on nCino (NCNO – Research Report) and Alarm (ALRM – Research Report) with bullish sentiments.

nCino (NCNO)

In a report released yesterday, Koji Ikeda from Bank of America Securities maintained a Buy rating on nCino, with a price target of $45.00. The company’s shares closed last Tuesday at $33.34.

According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 16.9% and a 61.1% success rate. Ikeda covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Onestream, Inc. Class A, and ZoomInfo Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for nCino with a $42.25 average price target, a 28.0% upside from current levels. In a report issued on January 27, Truist Financial also maintained a Buy rating on the stock with a $44.00 price target.

Alarm (ALRM)

In a report released yesterday, Michael Funk from Bank of America Securities maintained a Buy rating on Alarm, with a price target of $84.00. The company’s shares closed last Tuesday at $63.56.

According to TipRanks.com, Funk has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -7.7% and a 43.1% success rate. Funk covers the Technology sector, focusing on stocks such as Zoom Video Communications, Unity Software, and Monday.com.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alarm with a $81.00 average price target.