There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Broadcom (AVGO) and Phreesia (PHR) with bullish sentiments.
Broadcom (AVGO)
In a report issued on June 4, Tristan Gerra from Robert W. Baird maintained a Buy rating on Broadcom, with a price target of $550.00. The company’s shares closed last Monday at $463.78, close to its 52-week high of $495.14.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of 20.9% and a 65.1% success rate. Gerra covers the Technology sector, focusing on stocks such as Sequans Communications S A, Advanced Micro Devices, and Himax Technologies.
Broadcom has an analyst consensus of Strong Buy, with a price target consensus of $541.44, a 14.5% upside from current levels. In a report issued on May 26, Oppenheimer also maintained a Buy rating on the stock with a $575.00 price target.
See today’s analyst top recommended stocks >>
Phreesia (PHR)
In a report issued on June 4, Joseph Vruwink from Robert W. Baird maintained a Buy rating on Phreesia, with a price target of $62.00. The company’s shares closed last Monday at $51.99.
According to TipRanks.com, Vruwink is a 4-star analyst with an average return of 24.3% and a 72.2% success rate. Vruwink covers the Technology sector, focusing on stocks such as Manhattan Associates, Bentley Systems, and Cadence Design.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Phreesia with a $64.61 average price target, representing a 21.0% upside. In a report released yesterday, Piper Sandler also maintained a Buy rating on the stock with a $63.50 price target.
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.
Read More on PHR:
