There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Alliance Data Systems (ADS) and Analog Devices (ADI) with bullish sentiments.
Alliance Data Systems (ADS)
RBC Capital analyst Daniel Perlin maintained a Buy rating on Alliance Data Systems on August 17 and set a price target of $57.00. The company’s shares closed last Tuesday at $45.28.
According to TipRanks.com, Perlin is a top 100 analyst with an average return of 21.2% and a 77.6% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Jack Henry & Associates.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alliance Data Systems with a $62.14 average price target.
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Analog Devices (ADI)
RBC Capital analyst Mitch Steves maintained a Buy rating on Analog Devices on August 17 and set a price target of $130.00. The company’s shares closed last Tuesday at $117.88.
According to TipRanks.com, Steves is a top 100 analyst with an average return of 29.5% and a 74.9% success rate. Steves covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Dialog Semiconductor, and Texas Instruments.
Analog Devices has an analyst consensus of Moderate Buy, with a price target consensus of $131.59, representing an 11.5% upside. In a report issued on August 13, Daiwa also maintained a Buy rating on the stock.
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