There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on NortonLifeLock (NLOK), Nvidia (NVDA) and Wix (WIX) with bullish sentiments.
NortonLifeLock (NLOK)
In a report released today, Keith Weiss from Morgan Stanley maintained a Buy rating on NortonLifeLock, with a price target of $25.00. The company’s shares closed last Friday at $20.50.
According to TipRanks.com, Weiss is a 5-star analyst with an average return of 16.2% and a 69.5% success rate. Weiss covers the Technology sector, focusing on stocks such as Palo Alto Networks, Slack Technologies, and Coupa Software.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NortonLifeLock with a $22.57 average price target, representing an 8.7% upside. In a report released today, Barclays also maintained a Buy rating on the stock with a $24.00 price target.
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Nvidia (NVDA)
In a report released today, Chris Caso from Raymond James reiterated a Buy rating on Nvidia, with a price target of $330.00. The company’s shares closed last Friday at $320.84, close to its 52-week high of $326.90.
According to TipRanks.com, Caso is a 4-star analyst with an average return of 4.8% and a 47.9% success rate. Caso covers the Technology sector, focusing on stocks such as Skyworks Solutions, SiTime Corporation, and Monolithic Power.
Nvidia has an analyst consensus of Strong Buy, with a price target consensus of $318.35, representing a 0.9% upside. In a report issued on May 4, Susquehanna also reiterated a Buy rating on the stock with a $355.00 price target.
Wix (WIX)
In a report released today, Lloyd Walmsley from Deutsche Bank maintained a Buy rating on Wix, with a price target of $220.00. The company’s shares closed last Friday at $197.80.
According to TipRanks.com, Walmsley is a 5-star analyst with an average return of 9.0% and a 59.6% success rate. Walmsley covers the Technology sector, focusing on stocks such as Uber Technologies, Zillow Group, and Criteo SA.
Wix has an analyst consensus of Strong Buy, with a price target consensus of $189.50, representing a -1.6% downside. In a report released yesterday, SunTrust Robinson also assigned a Buy rating to the stock with a $215.00 price target.
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