Analysts Offer Insights on Technology Companies: Itron (ITRI) and General Electric (GE)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Itron (ITRI) and General Electric (GE) with bullish sentiments.
Oppenheimer analyst Noah Kaye assigned a Buy rating to Itron today and set a price target of $127.00. The company’s shares closed last Friday at $89.94.
According to TipRanks.com, Kaye is a 5-star analyst with an average return of 16.7% and a 66.1% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation, Johnson Controls, and Dana Holding.
Itron has an analyst consensus of Moderate Buy, with a price target consensus of $119.60.
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General Electric (GE)
Merrill Lynch analyst Andrew Obin reiterated a Buy rating on General Electric today and set a price target of $15.00. The company’s shares closed last Friday at $13.12, close to its 52-week high of $14.42.
According to TipRanks.com, Obin is a 4-star analyst with an average return of 15.6% and a 67.2% success rate. Obin covers the Industrial Goods sector, focusing on stocks such as Trane Technologies, Parker Hannifin, and Carrier Global.
Currently, the analyst consensus on General Electric is a Moderate Buy with an average price target of $13.92, which is a 6.1% upside from current levels. In a report issued on April 28, RBC Capital also maintained a Buy rating on the stock with a $16.00 price target.
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