Analysts have been eager to weigh in on the Technology sector with new ratings on Garmin (GRMN), Analog Devices (ADI) and Q2 Holdings (QTWO).
Garmin (GRMN)
In a report released yesterday, William Power from Robert W. Baird maintained a Hold rating on Garmin. The company’s shares closed last Thursday at $126.83, close to its 52-week high of $133.43.
According to TipRanks.com, Power is a top 100 analyst with an average return of 40.3% and a 73.7% success rate. Power covers the Technology sector, focusing on stocks such as Zoom Video Communications, Slack Technologies, and RingCentral.
Garmin has an analyst consensus of Moderate Buy, with a price target consensus of $134.40, representing a 3.7% upside. In a report released yesterday, Credit Suisse also maintained a Hold rating on the stock with a $129.00 price target.
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Analog Devices (ADI)
In a report released today, Tristan Gerra from Robert W. Baird maintained a Buy rating on Analog Devices. The company’s shares closed last Thursday at $155.80, close to its 52-week high of $163.95.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of 23.8% and a 66.3% success rate. Gerra covers the Technology sector, focusing on stocks such as Himax Technologies, Western Digital, and Lattice Semicon.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Analog Devices with a $174.89 average price target, implying a 10.7% upside from current levels. In a report issued on February 11, Oppenheimer also assigned a Buy rating to the stock with a $175.00 price target.
Q2 Holdings (QTWO)
In a report released yesterday, Joseph Vruwink from Robert W. Baird maintained a Buy rating on Q2 Holdings, with a price target of $160.00. The company’s shares closed last Thursday at $137.63, close to its 52-week high of $148.56.
According to TipRanks.com, Vruwink is a 5-star analyst with an average return of 44.4% and a 80.6% success rate. Vruwink covers the Technology sector, focusing on stocks such as Cadence Design, Realpage, and Autodesk.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Q2 Holdings with a $144.50 average price target, representing a 1.1% upside. In a report released yesterday, Raymond James also maintained a Buy rating on the stock.
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