There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cisco Systems (CSCO) and Advanced Energy Industries (AEIS) with bullish sentiments.
Cisco Systems (CSCO)
Oppenheimer analyst Ittai Kidron maintained a Buy rating on Cisco Systems today and set a price target of $50.00. The company’s shares closed last Friday at $47.10.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 36.1% and a 76.8% success rate. Kidron covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and Arista Networks.
Cisco Systems has an analyst consensus of Moderate Buy, with a price target consensus of $50.00, a 7.8% upside from current levels. In a report issued on July 24, Wolfe Research also initiated coverage with a Buy rating on the stock with a $54.00 price target.
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Advanced Energy Industries (AEIS)
Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on Advanced Energy Industries today and set a price target of $93.00. The company’s shares closed last Friday at $73.57, close to its 52-week high of $78.49.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 7.3% and a 50.2% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Advanced Energy Industries with a $76.75 average price target, implying a 6.7% upside from current levels. In a report issued on July 20, Needham also assigned a Buy rating to the stock with a $78.00 price target.
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