There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on IPG Photonics (IPGP) and Facebook (FB) with bullish sentiments.
IPG Photonics (IPGP)
In a report released today, James Ricchiuti from Needham upgraded IPG Photonics to Buy, with a price target of $280.00. The company’s shares closed last Friday at $243.92, close to its 52-week high of $252.00.
According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 24.6% and a 69.6% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Faro Technologies.
Currently, the analyst consensus on IPG Photonics is a Moderate Buy with an average price target of $219.46.
See today’s analyst top recommended stocks >>
Facebook (FB)
KeyBanc analyst Justin Patterson maintained a Buy rating on Facebook today and set a price target of $345.00. The company’s shares closed last Friday at $251.36.
According to TipRanks.com, Patterson is a 5-star analyst with an average return of 26.3% and a 64.6% success rate. Patterson covers the Technology sector, focusing on stocks such as ANGI Homeservices, Alphabet Class A, and IAC/InterActive.
Currently, the analyst consensus on Facebook is a Strong Buy with an average price target of $326.77, a 31.8% upside from current levels. In a report issued on January 5, Morgan Stanley also maintained a Buy rating on the stock with a $340.00 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.
Read More on FB:
