Analysts have been eager to weigh in on the Technology sector with new ratings on Ciena (CIEN) and Qualcomm (QCOM).
Ciena (CIEN)
Rosenblatt Securities analyst Ryan Koontz reiterated a Hold rating on Ciena today and set a price target of $45.00. The company’s shares closed last Wednesday at $45.25.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 25.3% and a 74.2% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Applied Optoelectronics, and CommScope Holding.
Ciena has an analyst consensus of Moderate Buy, with a price target consensus of $51.35.
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Qualcomm (QCOM)
Rosenblatt Securities analyst Kevin Cassidy maintained a Buy rating on Qualcomm today. The company’s shares closed last Wednesday at $150.28, close to its 52-week high of $153.33.
According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 23.9% and a 71.7% success rate. Cassidy covers the Technology sector, focusing on stocks such as Smart Global Holdings, Skyworks Solutions, and ON Semiconductor.
Qualcomm has an analyst consensus of Moderate Buy, with a price target consensus of $155.47.
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