Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cloudflare (NET) and Xilinx (XLNX).
Cloudflare (NET)
Oppenheimer analyst Timothy Horan assigned a Buy rating to Cloudflare today and set a price target of $100.00. The company’s shares closed last Tuesday at $82.77, close to its 52-week high of $95.77.
According to TipRanks.com, Horan is a 5-star analyst with an average return of 20.7% and a 66.9% success rate. Horan covers the Technology sector, focusing on stocks such as Rackspace Technology, Lumen Technologies, and Digital Turbine.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $94.82 average price target, representing an 11.8% upside. In a report issued on February 1, Jefferies also maintained a Buy rating on the stock with a $95.00 price target.
See today’s analyst top recommended stocks >>
Xilinx (XLNX)
In a report released today, Quinn Bolton from Needham maintained a Hold rating on Xilinx. The company’s shares closed last Tuesday at $143.70, close to its 52-week high of $154.93.
According to TipRanks.com, Bolton is a top 25 analyst with an average return of 49.4% and a 80.7% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Allegro MicroSystems, and Ultra Clean Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Xilinx with a $146.20 average 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.
