There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Analog Devices (ADI) and Coinbase Global (COIN) with bullish sentiments.
Analog Devices (ADI)
Raymond James analyst Chris Caso maintained a Buy rating on Analog Devices today. The company’s shares closed last Wednesday at $153.12.
According to TipRanks.com, Caso is a 5-star analyst with an average return of 17.8% and a 58.2% success rate. Caso covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and Skyworks Solutions.
Currently, the analyst consensus on Analog Devices is a Strong Buy with an average price target of $183.25, a 25.7% upside from current levels. In a report issued on May 17, BMO Capital also maintained a Buy rating on the stock with a $190.00 price target.
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Coinbase Global (COIN)
In a report released today, Owen Lau from Oppenheimer maintained a Buy rating on Coinbase Global, with a price target of $434.00. The company’s shares closed last Wednesday at $224.80.
According to TipRanks.com, Lau is a 4-star analyst with an average return of 14.6% and a 84.5% success rate. Lau covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Focus Financial Partners, and Victory Capital Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coinbase Global with a $404.75 average price target, which is a 90.1% upside from current levels. In a report issued on May 14, Rosenblatt Securities also maintained a Buy rating on the stock with a $400.00 price target.
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