There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Square (SQ) and Micron (MU) with bullish sentiments.
Square (SQ)
In a report released today, Mayank Tandon from Needham reiterated a Buy rating on Square, with a price target of $300.00. The company’s shares closed last Tuesday at $256.59, close to its 52-week high of $283.19.
According to TipRanks.com, Tandon is a top 100 analyst with an average return of 26.1% and a 71.2% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Duck Creek Technologies, and Bottomline Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Square with a $266.25 average price target, implying a 7.6% upside from current levels. In a report issued on February 17, Deutsche Bank also maintained a Buy rating on the stock with a $330.00 price target.
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Micron (MU)
Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on Micron today and set a price target of $125.00. The company’s shares closed last Tuesday at $88.23, close to its 52-week high of $91.49.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 13.8% and a 56.7% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.
Micron has an analyst consensus of Strong Buy, with a price target consensus of $100.57, representing a 18.0% upside. In a report issued on February 18, Daiwa also initiated coverage with a Buy rating on the stock with a $140.00 price target.
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