There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on International Business Machines (IBM), GDS Holdings (GDS) and Advanced Micro Devices (AMD) with bullish sentiments.
International Business Machines (IBM)
In a report released yesterday, Jeff Kvaal from Nomura maintained a Buy rating on International Business Machines, with a price target of $170.00. The company’s shares closed last Monday at $142.58.
According to TipRanks.com, Kvaal is a 4-star analyst with an average return of 7.7% and a 58.6% success rate. Kvaal covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, CommScope Holding, and Dell Technologies.
The word on The Street in general, suggests a Hold analyst consensus rating for International Business Machines with a $153.18 average price target, representing a 6.2% upside. In a report issued on January 21, Credit Suisse also maintained a Buy rating on the stock with a $173.00 price target.
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GDS Holdings (GDS)
RBC Capital analyst Jonathan Atkin maintained a Buy rating on GDS Holdings today and set a price target of $62.00. The company’s shares closed last Monday at $53.40, close to its 52-week high of $55.63.
According to TipRanks.com, Atkin is a top 25 analyst with an average return of 17.4% and a 82.5% success rate. Atkin covers the Technology sector, focusing on stocks such as Zayo Group Holdings, Interxion Holding, and CenturyLink.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for GDS Holdings with a $61.33 average price target.
Advanced Micro Devices (AMD)
Nomura analyst David Wong maintained a Buy rating on Advanced Micro Devices on January 21 and set a price target of $58.00. The company’s shares closed last Monday at $51.22, close to its 52-week high of $51.88.
According to TipRanks.com, Wong is a 5-star analyst with an average return of 19.0% and a 75.8% success rate. Wong covers the Consumer Goods sector, focusing on stocks such as Applied Materials, Texas Instruments, and Lam Research.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Advanced Micro Devices with a $44.18 average price target, implying a -13.9% downside from current levels. In a report issued on January 6, Wells Fargo also maintained a Buy rating on the stock.
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