There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Ceva (CEVA – Research Report), Allegro MicroSystems (ALGM – Research Report) and Alarm (ALRM – Research Report) with bullish sentiments.
Ceva (CEVA)
In a report released today, Tavy Rosner from Barclays maintained a Buy rating on Ceva, with a price target of $29.00. The company’s shares closed last Thursday at $20.25.
According to TipRanks.com, Rosner is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ceva with a $28.40 average price target.
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Allegro MicroSystems (ALGM)
In a report released today, Thomas O’Malley from Barclays maintained a Buy rating on Allegro MicroSystems, with a price target of $32.00. The company’s shares closed last Thursday at $27.67, close to its 52-week low of $23.64.
According to TipRanks.com, O’Malley is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Allegro MicroSystems with a $35.20 average price target, a 40.8% upside from current levels. In a report issued on April 30, Wells Fargo also maintained a Buy rating on the stock with a $45.00 price target.
Alarm (ALRM)
Roth MKM analyst Darren Aftahi reiterated a Buy rating on Alarm today and set a price target of $78.00. The company’s shares closed last Thursday at $68.79.
According to TipRanks.com, Aftahi is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alarm with a $77.25 average price target.
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