There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Kulicke & Soffa (KLIC) and Vonage Holdings (VG) with bullish sentiments.
Kulicke & Soffa (KLIC)
Needham analyst Charles Shi maintained a Buy rating on Kulicke & Soffa today and set a price target of $64.00. The company’s shares closed last Thursday at $48.48.
Shi has an average return of 3.4% when recommending Kulicke & Soffa.
According to TipRanks.com, Shi is ranked #6256 out of 7493 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kulicke & Soffa with a $74.00 average price target.
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Vonage Holdings (VG)
In a report released today, Timothy Horan from Oppenheimer maintained a Buy rating on Vonage Holdings, with a price target of $14.00. The company’s shares closed last Thursday at $13.01.
According to TipRanks.com, Horan is a 5-star analyst with an average return of 17.1% and a 67.4% success rate. Horan covers the Technology sector, focusing on stocks such as Rackspace Technology, Lumen Technologies, and Digital Turbine.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vonage Holdings with a $16.57 average price target, implying a 26.1% upside from current levels. In a report released today, Stephens also reiterated a Buy rating on the stock with a $18.00 price target.
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