There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Alarmcom (ALRM), Autodesk (ADSK) and VMware (VMW) with bullish sentiments.
Alarmcom (ALRM)
Raymond James analyst Adam Tindle maintained a Buy rating on Alarmcom today and set a price target of $70. The company’s shares opened today at $61, close to its 52-week high of $65.85.
According to TipRanks.com, Tindle is a 1-star analyst with an average return of -2.5% and a 47.9% success rate. Tindle covers the Technology sector, focusing on stocks such as Nutanix Inc, Avnet Inc, and Sonos Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alarmcom with a $68.33 average price target, which is a 12.0% upside from current levels. In a report released today, Maxim Group also reiterated a Buy rating on the stock with a $74 price target.
See today’s analyst top recommended stocks >>
Autodesk (ADSK)
Barclays analyst Saket Kalia maintained a Buy rating on Autodesk today and set a price target of $199. The company’s shares opened today at $167.77, close to its 52-week high of $169.05.
According to TipRanks.com, Kalia is a 5-star analyst with an average return of 13.1% and a 59.3% success rate. Kalia covers the Technology sector, focusing on stocks such as CyberArk Software, SecureWorks Corp, and Varonis Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Autodesk with a $176.17 average price target, which is a 5.0% upside from current levels. In a report issued on February 20, Evercore ISI also maintained a Buy rating on the stock with a $175 price target.
VMware (VMW)
In a report released today, Michael Turits from Raymond James maintained a Buy rating on VMware, with a price target of $196. The company’s shares opened today at $177.87, close to its 52-week high of $183.41.
According to TipRanks.com, Turits is a top 25 analyst with an average return of 27.0% and a 80.7% success rate. Turits covers the Technology sector, focusing on stocks such as Limelight Networks, Carbon Black Inc, and New Relic Inc.
Currently, the analyst consensus on VMware is a Moderate Buy with an average price target of $179.44, implying a 0.9% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock.
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