Analysts have been eager to weigh in on the Technology sector with new ratings on Nvidia (NVDA), Autodesk (ADSK) and Sierra Wireless (SWIR).
Nvidia (NVDA)
In a report released yesterday, Mitch Steves from RBC Capital maintained a Buy rating on Nvidia, with a price target of $610.00. The company’s shares closed last Thursday at $532.30.
According to TipRanks.com, Steves is a top 100 analyst with an average return of 37.7% and a 80.1% success rate. Steves covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Dialog Semiconductor, and Texas Instruments.
Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $647.20, implying a 15.2% upside from current levels. In a report issued on February 11, Wells Fargo also reiterated a Buy rating on the stock with a $625.00 price target.
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Autodesk (ADSK)
RBC Capital analyst Matthew Hedberg maintained a Buy rating on Autodesk on February 24 and set a price target of $340.00. The company’s shares closed last Thursday at $284.03.
According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 37.3% and a 77.2% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palantir Technologies, and Ping Identity Holding.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Autodesk with a $340.50 average price target, a 15.5% upside from current levels. In a report issued on February 9, Stifel Nicolaus also maintained a Buy rating on the stock with a $342.00 price target.
Sierra Wireless (SWIR)
RBC Capital analyst Paul Treiber maintained a Hold rating on Sierra Wireless on February 24 and set a price target of $20.00. The company’s shares closed last Thursday at $17.04.
According to TipRanks.com, Treiber is a 5-star analyst with an average return of 20.2% and a 72.8% success rate. Treiber covers the Technology sector, focusing on stocks such as Enghouse Systems, BlackBerry, and Descartes.
The word on The Street in general, suggests a Hold analyst consensus rating for Sierra Wireless with a $20.81 average price target, which is a 12.2% upside from current levels. In a report issued on February 24, BMO Capital also maintained a Hold rating on the stock with a $19.00 price target.
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