There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on IBM (NYSE: IBM) and Caci International (NYSE: CACI) with bullish sentiments.
IBM (NYSE: IBM)
Merrill Lynch analyst Wamsi Mohan maintained a Buy rating on IBM (NYSE: IBM) today and set a price target of $200. The company’s shares closed yesterday at $142.63, close to its 52-week low of $139.13.
According to TipRanks.com, Mohan is ranked #724 out of 4830 analysts.
Currently, the analyst consensus on IBM is Moderate Buy and the average price target is $182.86, representing a 28.2% upside.
In a report issued on June 14, RBC Capital also maintained a Buy rating on the stock with a $180 price target.
See today’s analyst top recommended stocks >>
Caci International (NYSE: CACI)
In a report released today, Brian Ruttenbur from Drexel Hamilton maintained a Buy rating on Caci International (NYSE: CACI), with a price target of $185. The company’s shares closed yesterday at $164, close to its 52-week high of $170.90.
Ruttenbur commented:
“We are adjusting our FY’18 and FY’19 estimates to be in line with guidance.”
Ruttenbur has an average return of 16.5% when recommending Caci International.
According to TipRanks.com, Ruttenbur is ranked #1324 out of 4830 analysts.
Caci International has an analyst consensus of Strong Buy, with a price target consensus of $177.50.
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.
