Wall Street Analysts Are Bullish on Top Technology Picks


There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Microsoft (MSFT) and Red Hat (RHT) with bullish sentiments.

Microsoft (MSFT)

In a report released yesterday, Brad Zelnick from Credit Suisse maintained a Buy rating on Microsoft, with a price target of $125. The company’s shares closed yesterday at $107.59.

According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 6.5% and a 58.8% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Instructure Inc, and Salesforce.com.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Microsoft with a $124.32 average price target, a 15.5% upside from current levels. In a report issued on November 26, Deutsche Bank also reiterated a Buy rating on the stock with a $130 price target.

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Red Hat (RHT)

In a report released yesterday, Brian White from Monness maintained a Buy rating on Red Hat, with a price target of $190. The company’s shares closed yesterday at $177, close to its 52-week high of $179.49.

According to TipRanks.com, White is a top 100 analyst with an average return of 18.2% and a 65.1% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Red Hat with a $172.84 average price target.

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