There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Fortinet (FTNT), Agora (API) and Qorvo (QRVO) with bullish sentiments.
Fortinet (FTNT)
Oppenheimer analyst Shaul Eyal assigned a Buy rating to Fortinet today and set a price target of $160.00. The company’s shares closed last Monday at $134.79.
According to TipRanks.com, Eyal is a top 100 analyst with an average return of 20.9% and a 71.9% success rate. Eyal covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Ping Identity Holding.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fortinet with a $135.67 average price target.
See today’s analyst top recommended stocks >>
Agora (API)
In a report released today, Richard Valera from Needham initiated coverage with a Buy rating on Agora and a price target of $60.00. The company’s shares closed last Monday at $49.71.
According to TipRanks.com, Valera is a 5-star analyst with an average return of 13.8% and a 63.5% success rate. Valera covers the Technology sector, focusing on stocks such as Zoom Video Communications, Trimble Navigation, and Altair Engineering.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Agora with a $51.00 average price target.
Qorvo (QRVO)
Needham analyst Rajvindra Gill assigned a Buy rating to Qorvo today and set a price target of $160.00. The company’s shares closed last Monday at $116.39, close to its 52-week high of $122.37.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 6.8% and a 58.0% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies, and Smart Global Holdings.
Currently, the analyst consensus on Qorvo is a Strong Buy with an average price target of $124.47, implying an 8.9% upside from current levels. In a report issued on July 6, Goldman Sachs also maintained a Buy rating on the stock with a $137.00 price target.
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.
