There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Zscaler (ZS) and Ichor Holdings (ICHR) with bullish sentiments.
Zscaler (ZS)
In a report released yesterday, Matthew Hedberg from RBC Capital maintained a Buy rating on Zscaler, with a price target of $205.00. The company’s shares closed last Tuesday at $203.00, close to its 52-week high of $212.59.
According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 39.1% and a 79.2% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and CrowdStrike Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zscaler with a $202.00 average price target, which is a 0.4% upside from current levels. In a report issued on January 4, Deutsche Bank also maintained a Buy rating on the stock with a $225.00 price target.
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Ichor Holdings (ICHR)
RBC Capital analyst Mitch Steves maintained a Buy rating on Ichor Holdings yesterday and set a price target of $42.00. The company’s shares closed last Tuesday at $36.70, close to its 52-week high of $39.83.
According to TipRanks.com, Steves is a top 25 analyst with an average return of 35.7% and a 81.4% success rate. Steves covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Dialog Semiconductor, and Texas Instruments.
Ichor Holdings has an analyst consensus of Strong Buy, with a price target consensus of $41.20, an 11.4% upside from current levels. In a report issued on January 6, D.A. Davidson also maintained a Buy rating on the stock with a $43.00 price target.
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