There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Vicor (VICR), Seagate Tech (STX) and Clearfield (CLFD) with bullish sentiments.
Vicor (VICR)
Needham analyst Quinn Bolton reiterated a Buy rating on Vicor today and set a price target of $110.00. The company’s shares closed last Thursday at $84.93.
According to TipRanks.com, Bolton is a top 25 analyst with an average return of 45.6% and a 78.1% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Allegro MicroSystems, and Axcelis Technologies.
Currently, the analyst consensus on Vicor is a Strong Buy with an average price target of $107.75.
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Seagate Tech (STX)
In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Seagate Tech, with a price target of $98.00. The company’s shares closed last Thursday at $84.08, close to its 52-week high of $85.07.
According to TipRanks.com, Richard is a top 100 analyst with an average return of 35.5% and a 72.8% 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 Seagate Tech with a $84.65 average price target, implying a 0.6% upside from current levels. In a report issued on April 8, Morgan Stanley also maintained a Buy rating on the stock with a $90.00 price target.
Clearfield (CLFD)
In a report released today, Tim Savageaux from Northland Securities upgraded Clearfield to Buy, with a price target of $36.00. The company’s shares closed last Thursday at $29.96.
According to TipRanks.com, Savageaux is a 5-star analyst with an average return of 23.7% and a 65.3% success rate. Savageaux covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Applied Optoelectronics, and Communications Systems.
Currently, the analyst consensus on Clearfield is a Moderate Buy with an average price target of $36.50.
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