There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Micron (MU) and Quhuo (QH) with bullish sentiments.
In a report released today, Mehdi Hosseini from Susquehanna reiterated a Buy rating on Micron, with a price target of $85.00. The company’s shares closed last Monday at $64.09, close to its 52-week high of $64.80.
According to TipRanks.com, Hosseini is a 4-star analyst with an average return of 8.3% and a 53.4% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Energy Industries, and Keysight Technologies.
Currently, the analyst consensus on Micron is a Moderate Buy with an average price target of $65.44, a 1.4% upside from current levels. In a report issued on November 18, Raymond James also initiated coverage with a Buy rating on the stock.
See today’s analyst top recommended stocks >>
Roth Capital analyst Darren Aftahi maintained a Buy rating on Quhuo today and set a price target of $13.00. The company’s shares closed last Monday at $8.51, close to its 52-week low of $6.52.
According to TipRanks.com, Aftahi is a top 100 analyst with an average return of 44.7% and a 61.1% success rate. Aftahi covers the Technology sector, focusing on stocks such as Remark Holdings, Fathom Holdings, and Digital Turbine.
Quhuo has an analyst consensus of Moderate Buy, with a price target consensus of $13.00.
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.