Analysts have been eager to weigh in on the Technology sector with new ratings on Synaptics (SYNA) and Applied Optoelectronics (AAOI).
Synaptics (SYNA)
Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Synaptics yesterday and set a price target of $93.00. The company’s shares closed last Thursday at $82.50.
According to TipRanks.com, Rakesh is a 5-star analyst with an average return of 19.3% and a 64.4% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Synaptics with a $105.75 average price target, which is a 33.2% upside from current levels. In a report released yesterday, Rosenblatt Securities also assigned a Buy rating to the stock with a $110.00 price target.
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Applied Optoelectronics (AAOI)
In a report released yesterday, Ryan Koontz from Rosenblatt Securities maintained a Hold rating on Applied Optoelectronics, with a price target of $9.00. The company’s shares closed last Thursday at $10.02.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 24.1% and a 69.0% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, CommScope Holding, and Juniper Networks.
The word on The Street in general, suggests a Hold analyst consensus rating for Applied Optoelectronics with a $14.57 average price target, implying a 58.9% upside from current levels. In a report issued on October 26, Northland Securities also upgraded the stock to Hold with a $10.00 price target.
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