Analysts have been eager to weigh in on the Technology sector with new ratings on Qorvo (QRVO), Microstrategy (MSTR) and TE Connectivity (TEL).
Qorvo (QRVO)
In a report released today, Chris Caso from Raymond James maintained a Buy rating on Qorvo, with a price target of $140.00. The company’s shares closed last Thursday at $126.23.
According to TipRanks.com, Caso is a 5-star analyst with an average return of 9.1% and a 55.1% success rate. Caso covers the Technology sector, focusing on stocks such as NXP Semiconductors, Skyworks Solutions, and SiTime Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Qorvo with a $132.67 average price target, implying a 9.5% upside from current levels. In a report issued on July 17, Piper Sandler also maintained a Buy rating on the stock with a $130.00 price target.
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Microstrategy (MSTR)
In a report released today, Tyler Radke from Citigroup maintained a Hold rating on Microstrategy, with a price target of $140.00. The company’s shares closed last Thursday at $122.42.
According to TipRanks.com, Radke is a 5-star analyst with an average return of 27.9% and a 72.2% success rate. Radke covers the Technology sector, focusing on stocks such as Veeva Systems, Guidewire, and Talend SA.
The the analyst consensus on Microstrategy is currently a Hold rating.
TE Connectivity (TEL)
In a report released today, David Kelley from Jefferies maintained a Buy rating on TE Connectivity, with a price target of $107.00. The company’s shares closed last Thursday at $88.04.
According to TipRanks.com, Kelley is a 3-star analyst with an average return of 6.6% and a 62.2% success rate. Kelley covers the Industrial Goods sector, focusing on stocks such as Delphi Technologies, Garrett Motion, and BorgWarner.
Currently, the analyst consensus on TE Connectivity is a Moderate Buy with an average price target of $98.10, a 9.6% upside from current levels. In a report issued on July 15, RBC Capital also maintained a Buy rating on the stock with a $89.00 price target.
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