There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Comtech Telecommunications (CMTL) and IAC/InterActive (IAC) with bullish sentiments.
Comtech Telecommunications (CMTL)
In a report released today, George Notter from Jefferies maintained a Buy rating on Comtech Telecommunications, with a price target of $36.00. The company’s shares closed last Tuesday at $25.66.
According to TipRanks.com, Notter is a 5-star analyst with an average return of 18.1% and a 67.5% success rate. Notter covers the Technology sector, focusing on stocks such as Motorola Solutions, Cambium Networks, and Cisco Systems.
Comtech Telecommunications has an analyst consensus of Strong Buy, with a price target consensus of $30.00, representing a 16.9% upside. In a report released today, Northland Securities also assigned a Buy rating to the stock with a $28.00 price target.
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IAC/InterActive (IAC)
Jefferies analyst Brent Thill maintained a Buy rating on IAC/InterActive yesterday and set a price target of $280.00. The company’s shares closed last Tuesday at $161.16, close to its 52-week high of $179.12.
According to TipRanks.com, Thill is a top 100 analyst with an average return of 24.2% and a 71.7% success rate. Thill covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palantir Technologies, and CrowdStrike Holdings.
Currently, the analyst consensus on IAC/InterActive is a Strong Buy with an average price target of $252.00, which is a 56.4% upside from current levels. In a report issued on May 25, Oppenheimer also maintained a Buy rating on the stock with a $185.00 price target.
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