There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cyberoptics (CYBE) and Palo Alto Networks (PANW) with bullish sentiments.
Cyberoptics (CYBE)
Colliers Securities analyst Richard Ryan maintained a Buy rating on Cyberoptics on February 19 and set a price target of $37.50. The company’s shares closed last Friday at $26.31.
According to TipRanks.com, Ryan is a 4-star analyst with an average return of 14.9% and a 62.5% success rate. Ryan covers the Technology sector, focusing on stocks such as Allied Motion Technologies, Vishay Precision Group, and Ultra Clean Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cyberoptics with a $37.50 average price target.
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Palo Alto Networks (PANW)
Colliers Securities analyst Catharine Trebnick reiterated a Buy rating on Palo Alto Networks on February 23 and set a price target of $450.00. The company’s shares closed last Friday at $334.73.
According to TipRanks.com, Trebnick is a 4-star analyst with an average return of 9.7% and a 45.3% success rate. Trebnick covers the Technology sector, focusing on stocks such as Ping Identity Holding, CyberArk Software, and Vonage Holdings.
Currently, the analyst consensus on Palo Alto Networks is a Strong Buy with an average price target of $439.69, implying a 30.1% upside from current levels. In a report issued on February 8, BTIG also maintained a Buy rating on the stock with a $460.00 price target.
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