Analysts have been eager to weigh in on the Technology sector with new ratings on Akamai (AKAM), Faro Technologies (FARO) and L3Harris Technologies (LHX).
Akamai (AKAM)
In a report released yesterday, Amit Daryanani from Evercore ISI maintained a Buy rating on Akamai, with a price target of $130.00. The company’s shares closed last Wednesday at $108.51.
According to TipRanks.com, Daryanani is a 5-star analyst with an average return of 20.4% and a 67.6% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Dell Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Akamai with a $126.08 average price target, a 16.2% upside from current levels. In a report issued on May 4, Oppenheimer also maintained a Buy rating on the stock with a $130.00 price target.
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Faro Technologies (FARO)
Robert W. Baird analyst Richard Eastman maintained a Hold rating on Faro Technologies on May 2 and set a price target of $75.00. The company’s shares closed last Wednesday at $71.98.
According to TipRanks.com, Eastman is a 5-star analyst with an average return of 26.8% and a 80.7% success rate. Eastman covers the Technology sector, focusing on stocks such as Keysight Technologies, National Instruments, and Roper Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Faro Technologies with a $96.00 average price target, a 31.7% upside from current levels. In a report issued on April 30, Needham also maintained a Hold rating on the stock.
L3Harris Technologies (LHX)
In a report issued on May 3, Peter Arment from Robert W. Baird maintained a Hold rating on L3Harris Technologies, with a price target of $210.00. The company’s shares closed last Wednesday at $217.68, close to its 52-week high of $217.99.
According to TipRanks.com, Arment is a 4-star analyst with an average return of 13.8% and a 63.7% success rate. Arment covers the Technology sector, focusing on stocks such as Raytheon Technologies, Spirit AeroSystems, and Rada Electronics.
Currently, the analyst consensus on L3Harris Technologies is a Strong Buy with an average price target of $230.64, representing a 6.7% upside. In a report issued on April 27, Benchmark Co. also downgraded the stock to Hold.
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