There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Snap (SNAP) and Texas Instruments (TXN) with bullish sentiments.
Snap (SNAP)
Rosenblatt Securities analyst Mark Zgutowicz reiterated a Buy rating on Snap today and set a price target of $50.00. The company’s shares closed last Tuesday at $28.45, close to its 52-week high of $28.56.
According to TipRanks.com, Zgutowicz is a 5-star analyst with an average return of 46.1% and a 77.6% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Criteo SA, and Pinterest.
Currently, the analyst consensus on Snap is a Strong Buy with an average price target of $35.31, a 24.9% upside from current levels. In a report issued on October 8, Cowen & Co. also maintained a Buy rating on the stock with a $32.00 price target.
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Texas Instruments (TXN)
Charter Equity analyst Edward F. Snyder maintained a Buy rating on Texas Instruments today. The company’s shares closed last Tuesday at $150.83, close to its 52-week high of $155.88.
According to TipRanks.com, Snyder is a 5-star analyst with an average return of 22.9% and a 69.6% success rate. Snyder covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Skyworks Solutions, and Broadcom.
Currently, the analyst consensus on Texas Instruments is a Moderate Buy with an average price target of $155.35, a 2.3% upside from current levels. In a report issued on October 15, Oppenheimer also maintained a Buy rating on the stock with a $170.00 price target.
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