There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Alphabet Inc (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) with bullish sentiments.
Alphabet Inc (GOOGL)
In a report released today, Mark Mahaney from RBC Capital maintained a Buy rating on Alphabet Inc, with a price target of $1400. The company’s shares opened today at $1221.95.
According to TipRanks.com, Mahaney is a top 25 analyst with an average return of 26.3% and a 71.1% success rate. Mahaney covers the Technology sector, focusing on stocks such as Wix.com Ltd, Dropbox Inc, and Facebook.
Alphabet Inc has an analyst consensus of Strong Buy, with a price target consensus of $1379.41, representing a 12.9% upside. In a report issued on August 15, Macquarie also maintained a Buy rating on the stock with a $1250 price target.
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Microsoft (MSFT)
In a report released today, Heather Bellini from Goldman Sachs maintained a Buy rating on Microsoft, with a price target of $123. The company’s shares opened today at $106.87, close to its 52-week high of $111.15.
Bellini has an average return of 4.0% when recommending Microsoft.
According to TipRanks.com, Bellini is ranked #191 out of 4856 analysts.
Microsoft has an analyst consensus of Strong Buy, with a price target consensus of $120.56, a 12.8% upside from current levels. In a report issued on August 7, Credit Suisse also maintained a Buy rating on the stock with a $125 price target.
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