Analysts have been eager to weigh in on the Technology sector with new ratings on Inphi (IPHI), Iteris (ITI) and Microchip (MCHP).
Inphi (IPHI)
B.Riley FBR analyst Dave Kang maintained a Hold rating on Inphi today and set a price target of $112.00. The company’s shares closed last Tuesday at $131.10, close to its 52-week high of $142.00.
According to TipRanks.com, Kang is a top 100 analyst with an average return of 23.4% and a 69.1% success rate. Kang covers the Technology sector, focusing on stocks such as Applied Optoelectronics, DASAN Zhone Solutions, and Acacia Communications.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Inphi with a $138.27 average price target, representing a 0.9% upside. In a report released today, Northland Securities also upgraded the stock to Hold with a $120.00 price target.
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Iteris (ITI)
In a report released today, Jeff Van Sinderen from B.Riley FBR reiterated a Buy rating on Iteris, with a price target of $8.50. The company’s shares closed last Tuesday at $4.86.
According to TipRanks.com, Sinderen is a 4-star analyst with an average return of 6.7% and a 49.4% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Universal Electronics, Celsius Holdings, and Waitr Holdings.
Iteris has an analyst consensus of Strong Buy, with a price target consensus of $8.83, representing an 85.9% upside. In a report released today, Northland Securities also assigned a Buy rating to the stock with a $9.00 price target.
Microchip (MCHP)
B.Riley FBR analyst Craig Ellis maintained a Buy rating on Microchip today and set a price target of $130.00. The company’s shares closed last Tuesday at $107.32, close to its 52-week high of $113.28.
According to TipRanks.com, Ellis is a 4-star analyst with an average return of 3.2% and a 51.4% success rate. Ellis covers the Technology sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Skyworks Solutions.
Microchip has an analyst consensus of Strong Buy, with a price target consensus of $120.47, which is a 15.6% upside from current levels. In a report issued on July 27, Needham also assigned a Buy rating to the stock with a $140.00 price target.
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