There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Astronics (ATRO), Autodesk (ADSK) and Anaplan (PLAN) with bullish sentiments.
Astronics (ATRO)
In a report released yesterday, Kenneth Herbert from Canaccord Genuity maintained a Buy rating on Astronics, with a price target of $15.00. The company’s shares closed last Tuesday at $12.64.
According to TipRanks.com, Herbert is a top 100 analyst with an average return of 21.3% and a 71.9% success rate. Herbert covers the Technology sector, focusing on stocks such as Rada Electronics Industries, Aerojet Rocketdyne Holdings, and Maxar Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Astronics with a $15.50 average price target, which is a 15.2% upside from current levels. In a report issued on November 20, CJS Securities also upgraded the stock to Buy with a $16.00 price target.
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Autodesk (ADSK)
Canaccord Genuity analyst David Hynes maintained a Buy rating on Autodesk yesterday and set a price target of $305.00. The company’s shares closed last Tuesday at $258.97, close to its 52-week high of $276.68.
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 33.1% and a 76.4% success rate. Hynes covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, BigCommerce Holdings, and Slack Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Autodesk with a $272.71 average price target, implying a 5.8% upside from current levels. In a report issued on November 13, Mizuho Securities also maintained a Buy rating on the stock with a $290.00 price target.
Anaplan (PLAN)
In a report released yesterday, Joseph Vafi from Canaccord Genuity maintained a Buy rating on Anaplan, with a price target of $80.00. The company’s shares closed last Tuesday at $67.22, close to its 52-week high of $67.86.
According to TipRanks.com, Vafi is a 5-star analyst with an average return of 37.5% and a 78.0% success rate. Vafi covers the Technology sector, focusing on stocks such as Fidelity National Info, Paypal Holdings, and Coupa Software.
Currently, the analyst consensus on Anaplan is a Moderate Buy with an average price target of $70.89, implying a 2.7% upside from current levels. In a report issued on November 10, Berenberg Bank also initiated coverage with a Buy rating on the stock with a $75.00 price target.
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