There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Immersion (IMMR) and Oracle (ORCL) with bullish sentiments.
Immersion (IMMR)
Colliers Securities analyst Derek Soderberg maintained a Buy rating on Immersion today and set a price target of $15.00. The company’s shares closed last Friday at $8.69.
According to TipRanks.com, Soderberg is a 2-star analyst with an average return of 1.2% and a 56.3% success rate. Soderberg covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Lattice Semicon, and Axon Enterprise.
Currently, the analyst consensus on Immersion is a Moderate Buy with an average price target of $15.00.
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Oracle (ORCL)
In a report released today, Brian White from Monness maintained a Buy rating on Oracle, with a price target of $93.00. The company’s shares closed last Friday at $82.89, close to its 52-week high of $83.96.
According to TipRanks.com, White is a top 100 analyst with an average return of 28.1% and a 74.1% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Salesforce.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oracle with a $75.50 average price target.
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