William Blair analyst Maggie Nolan has maintained their bullish stance on PLUS stock, giving a Buy rating on February 5.
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Maggie Nolan has given his Buy rating due to a combination of factors that underscore ePlus’s favorable positioning in a robust IT spending environment. Management reported healthy and improving demand with no signs of deceleration, supported by strong pipelines across both midmarket and enterprise customers as organizations invest in compute, networking, storage, and security to support AI-related workloads.
Nolan also highlights ePlus’s strategic shift toward a higher-margin, services-led model, with consulting, professional, and managed services increasingly anchoring customer engagements. This mix shift, supported by targeted leadership hires and enhanced sales incentives, is expected to drive margin expansion and more recurring, durable revenue, which together reinforce the positive outlook and support the Buy recommendation.
Nolan covers the Technology sector, focusing on stocks such as ASGN, Cognizant, and Globant SA. According to TipRanks, Nolan has an average return of -4.2% and a 42.65% success rate on recommended stocks.
In another report released on February 5, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $96.00 price target.