There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on L3Harris Technologies (LHX) and Alphabet (GOOGL) with bullish sentiments.
L3Harris Technologies (LHX)
Jefferies analyst Sheila Kahyaoglu assigned a Buy rating to L3Harris Technologies on August 2 and set a price target of $250.00. The company’s shares closed last Monday at $179.18.
According to TipRanks.com, Kahyaoglu is a 4-star analyst with an average return of 7.1% and a 61.2% success rate. Kahyaoglu covers the Technology sector, focusing on stocks such as Science Applications, Caci International, and Spirit AeroSystems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for L3Harris Technologies with a $233.00 average price target, a 32.7% upside from current levels. In a report issued on July 20, Credit Suisse also assigned a Buy rating to the stock with a $205.00 price target.
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Alphabet (GOOGL)
In a report issued on August 2, Brent Thill from Jefferies maintained a Buy rating on Alphabet, with a price target of $1800.00. The company’s shares closed last Monday at $1496.82, close to its 52-week high of $1587.05.
According to TipRanks.com, Thill is a top 25 analyst with an average return of 20.7% and a 74.3% success rate. Thill covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Endurance International, and CrowdStrike Holdings.
Alphabet has an analyst consensus of Strong Buy, with a price target consensus of $1739.19, representing a 16.7% upside. In a report issued on July 20, Credit Suisse also assigned a Buy rating to the stock with a $1850.00 price target.
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