Analysts have been eager to weigh in on the Technology sector with new ratings on Boeing (BA), Cree (CREE) and ServiceNow (NOW).
Boeing (BA)
In a report released yesterday, Kenneth Herbert from Canaccord Genuity maintained a Hold rating on Boeing, with a price target of $160.00. The company’s shares closed last Wednesday at $148.14.
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 16.7% and a 64.6% success rate. Herbert covers the Technology sector, focusing on stocks such as Rada Electronics Industries, Aerojet Rocketdyne Holdings, and CPI Aerostructures.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boeing with a $182.20 average price target, representing a 19.1% upside. In a report issued on October 14, J.P. Morgan also maintained a Hold rating on the stock with a $170.00 price target.
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Cree (CREE)
In a report released today, Colin Rusch from Oppenheimer maintained a Hold rating on Cree. The company’s shares closed last Wednesday at $66.22.
According to TipRanks.com, Rusch is a top 100 analyst with an average return of 33.2% and a 57.4% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor, SolarEdge Technologies, and Westport Fuel Systems.
Currently, the analyst consensus on Cree is a Moderate Buy with an average price target of $72.56, which is a 9.1% upside from current levels. In a report issued on October 19, J.P. Morgan also maintained a Hold rating on the stock with a $84.00 price target.
ServiceNow (NOW)
Canaccord Genuity analyst David Hynes maintained a Buy rating on ServiceNow yesterday and set a price target of $550.00. The company’s shares closed last Wednesday at $484.05.
According to TipRanks.com, Hynes is a top 25 analyst with an average return of 32.9% and a 77.1% success rate. Hynes covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, BigCommerce Holdings, and Slack Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ServiceNow with a $540.82 average price target, an 11.1% upside from current levels. In a report issued on October 13, UBS also initiated coverage with a Buy rating on the stock with a $600.00 price target.
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