There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on AeroVironment (AVAV) and Asana (ASAN) with bullish sentiments.
AeroVironment (AVAV)
Canaccord Genuity analyst Kenneth Herbert maintained a Buy rating on AeroVironment yesterday and set a price target of $88.00. The company’s shares closed last Friday at $77.51.
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 18.1% and a 67.7% success rate. Herbert covers the Technology sector, focusing on stocks such as Rada Electronics Industries, Aerojet Rocketdyne Holdings, and CPI Aerostructures.
Currently, the analyst consensus on AeroVironment is a Moderate Buy with an average price target of $88.00.
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Asana (ASAN)
Oppenheimer analyst Ittai Kidron initiated coverage with a Buy rating on Asana today and set a price target of $30.00. The company’s shares closed last Friday at $23.51.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 38.1% and a 76.1% success rate. Kidron covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and Arista Networks.
Currently, the analyst consensus on Asana is a Moderate Buy with an average price target of $26.33, which is an 8.3% upside from current levels. In a report released today, Jefferies also initiated coverage with a Buy rating on the stock with a $30.00 price target.
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