There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Texas Instruments (TXN) and Tenable Holdings (TENB) with bullish sentiments.
Texas Instruments (TXN)
Oppenheimer analyst Rick Schafer assigned a Buy rating to Texas Instruments yesterday and set a price target of $220.00. The company’s shares closed last Tuesday at $190.21, close to its 52-week high of $197.58.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 25.2% and a 81.8% success rate. Schafer covers the Technology sector, focusing on stocks such as Akoustis Technologies, NXP Semiconductors, and Skyworks Solutions.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Texas Instruments with a $203.50 average price target, a 6.5% upside from current levels. In a report issued on April 25, Rosenblatt Securities also maintained a Buy rating on the stock with a $200.00 price target.
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Tenable Holdings (TENB)
Canaccord Genuity analyst Michael Walkley maintained a Buy rating on Tenable Holdings yesterday and set a price target of $58.00. The company’s shares closed last Tuesday at $41.70.
According to TipRanks.com, Walkley is a 5-star analyst with an average return of 26.3% and a 67.2% success rate. Walkley covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Sequans Communications S A, and Synchronoss Technologies.
Currently, the analyst consensus on Tenable Holdings is a Strong Buy with an average price target of $56.00.
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