There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Resonant (RESN) and Ondas Holdings (ONDS) with bullish sentiments.
Resonant (RESN)
In a report released today, Kevin Dede from H.C. Wainwright maintained a Buy rating on Resonant, with a price target of $6.00. The company’s shares closed last Thursday at $3.71.
According to TipRanks.com, Dede is a 5-star analyst with an average return of 18.7% and a 45.7% success rate. Dede covers the Technology sector, focusing on stocks such as Summit Wireless Technologies, HIVE Blockchain Technologies, and Mawson Infrastructure Group.
Currently, the analyst consensus on Resonant is a Strong Buy with an average price target of $6.08.
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Ondas Holdings (ONDS)
Oppenheimer analyst Timothy Horan assigned a Buy rating to Ondas Holdings today and set a price target of $12.00. The company’s shares closed last Thursday at $8.05.
According to TipRanks.com, Horan is a 5-star analyst with an average return of 17.7% and a 71.3% success rate. Horan covers the Technology sector, focusing on stocks such as Rackspace Technology, Lumen Technologies, and Digital Turbine.
Currently, the analyst consensus on Ondas Holdings is a Moderate Buy with an average price target of $17.00, which is a 109.1% upside from current levels. In a report issued on May 28, Northland Securities also assigned a Buy rating to the stock with a $22.00 price target.
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