There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Sonos (SONO), International Business Machines (IBM) and Varonis Systems (VRNS) with bullish sentiments.
Sonos (SONO)
In a report issued on May 3, Robert Muller from RBC Capital maintained a Buy rating on Sonos, with a price target of $12.00. The company’s shares closed last Wednesday at $9.69.
According to TipRanks.com, Muller is a 2-star analyst with an average return of -0.7% and a 41.7% success rate. Muller covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, National Instruments, and Dell Technologies.
Sonos has an analyst consensus of Hold, with a price target consensus of $11.50.
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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 $135.00. The company’s shares closed last Wednesday at $122.50.
According to TipRanks.com, Kvaal is a 5-star analyst with an average return of 7.3% and a 55.6% success rate. Kvaal covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, CommScope Holding, and Dell Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for International Business Machines with a $133.42 average price target, implying an 8.3% upside from current levels. In a report issued on April 20, Merrill Lynch also reiterated a Buy rating on the stock with a $145.00 price target.
Varonis Systems (VRNS)
RBC Capital analyst Matthew Hedberg maintained a Buy rating on Varonis Systems yesterday and set a price target of $81.00. The company’s shares closed last Wednesday at $67.40.
According to TipRanks.com, Hedberg is a top 100 analyst with an average return of 18.5% and a 69.7% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and CrowdStrike Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Varonis Systems with a $83.10 average price target, implying a 19.2% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock.
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