Analysts have been eager to weigh in on the Technology sector with new ratings on Cadence Design (CDNS) and Check Point (CHKP).
Cadence Design (CDNS)
In a report issued on April 26, Joseph Vruwink from Robert W. Baird maintained a Buy rating on Cadence Design, with a price target of $160.00. The company’s shares closed last Wednesday at $133.27.
According to TipRanks.com, Vruwink is a 4-star analyst with an average return of 31.7% and a 80.0% success rate. Vruwink covers the Technology sector, focusing on stocks such as Manhattan Associates, Bentley Systems, and Veeva Systems.
Cadence Design has an analyst consensus of Moderate Buy, with a price target consensus of $156.00, which is a 18.0% upside from current levels. In a report issued on April 20, Wells Fargo also maintained a Buy rating on the stock with a $165.00 price target.
See today’s analyst top recommended stocks >>
Check Point (CHKP)
Robert W. Baird analyst Jonathan Ruykhaver maintained a Hold rating on Check Point on April 26 and set a price target of $128.00. The company’s shares closed last Wednesday at $117.63.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 31.6% and a 70.5% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Ping Identity Holding, CrowdStrike Holdings, and Palo Alto Networks.
Check Point has an analyst consensus of Hold, with a price target consensus of $128.83, which is an 8.3% upside from current levels. In a report issued on April 16, RBC Capital also maintained a Hold rating on the stock with a $130.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
