There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Synaptics (SYNA) and SolarWinds (SWI) with bullish sentiments.
In a report released yesterday, Rajvindra Gill from Needham assigned a Buy rating to Synaptics, with a price target of $130.00. The company’s shares closed last Tuesday at $106.66.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 10.7% and a 65.0% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Smart Global Holdings, and Everspin Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Synaptics with a $110.00 average price target, implying a 3.5% upside from current levels. In a report issued on January 6, KeyBanc also maintained a Buy rating on the stock with a $120.00 price target.
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In a report issued on January 10, Matthew Hedberg from RBC Capital maintained a Buy rating on SolarWinds, with a price target of $19.00. The company’s shares closed last Tuesday at $14.90.
According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 39.1% and a 79.2% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and CrowdStrike Holdings.
Currently, the analyst consensus on SolarWinds is a Hold with an average price target of $16.71.
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