Companies in the Technology sector have received a lot of coverage today as analysts weigh in on CMC Materials (CCMP), Cognex (CGNX) and Epam Systems (EPAM).
CMC Materials (CCMP)
Goldman Sachs analyst Toshiya Hari maintained a Hold rating on CMC Materials today and set a price target of $169.00. The company’s shares closed last Thursday at $159.10.
According to TipRanks.com, Hari is a 5-star analyst with an average return of 18.8% and a 63.9% success rate. Hari covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and Arrow Electronics.
The word on The Street in general, suggests a Hold analyst consensus rating for CMC Materials with a $169.00 average price target.
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Cognex (CGNX)
In a report released today, Joshua Pokrzywinski from Morgan Stanley maintained a Sell rating on Cognex, with a price target of $72.00. The company’s shares closed last Thursday at $78.89.
According to TipRanks.com, Pokrzywinski is a 4-star analyst with an average return of 11.1% and a 61.8% success rate. Pokrzywinski covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Emerson Electric Company, and Honeywell International.
Cognex has an analyst consensus of Hold, with a price target consensus of $89.80.
Epam Systems (EPAM)
In a report released today, James Faucette from Morgan Stanley maintained a Buy rating on Epam Systems, with a price target of $510.00. The company’s shares closed last Thursday at $458.38, close to its 52-week high of $462.83.
According to TipRanks.com, Faucette is a 5-star analyst with an average return of 17.9% and a 81.0% success rate. Faucette covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, TELUS International (CDA), and Automatic Data Processing.
Currently, the analyst consensus on Epam Systems is a Strong Buy with an average price target of $483.27, a 6.8% upside from current levels. In a report issued on May 3, Piper Sandler also maintained a Buy rating on the stock with a $507.00 price target.
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