There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Nutanix (NTNX), Paypal Holdings (PYPL) and Photronics (PLAB) with bullish sentiments.
Nutanix (NTNX)
In a report issued on January 5, Nehal Chokshi from Northland Securities maintained a Buy rating on Nutanix, with a price target of $38.00. The company’s shares closed last Monday at $33.16, close to its 52-week high of $37.35.
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 23.6% and a 64.0% success rate. Chokshi covers the Technology sector, focusing on stocks such as Super Micro Computer, Palo Alto Networks, and Avid Technology.
Currently, the analyst consensus on Nutanix is a Moderate Buy with an average price target of $34.25, which is a 2.2% upside from current levels. In a report issued on February 18, RBC Capital also maintained a Buy rating on the stock with a $40.00 price target.
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Paypal Holdings (PYPL)
Robert W. Baird analyst Colin Sebastian maintained a Buy rating on Paypal Holdings on February 3 and set a price target of $300.00. The company’s shares closed last Monday at $273.85, close to its 52-week high of $309.14.
According to TipRanks.com, Sebastian is a top 100 analyst with an average return of 37.5% and a 77.1% success rate. Sebastian covers the Technology sector, focusing on stocks such as Alphabet Class A, Playtika Holding, and Alphabet Class C.
Currently, the analyst consensus on Paypal Holdings is a Strong Buy with an average price target of $305.65, implying an 8.6% upside from current levels. In a report issued on January 20, BTIG also upgraded the stock to Buy with a $300.00 price target.
Photronics (PLAB)
In a report issued on February 16, Gus Richard from Northland Securities maintained a Buy rating on Photronics, with a price target of $16.00. The company’s shares closed last Monday at $13.01, close to its 52-week high of $13.65.
According to TipRanks.com, Richard is a top 100 analyst with an average return of 38.3% and a 74.4% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Power Integrations, and Himax Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Photronics with a $16.00 average price target.
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