Analysts Are Bullish on These Technology Stocks: Fabrinet (FN), Teradata (TDC)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Fabrinet (FN – Research Report), Teradata (TDC – Research Report) and Veeco (VECO – Research Report) with bullish sentiments.

Fabrinet (FN)

Northland Securities analyst Tim Savageaux reiterated a Buy rating on Fabrinet today and set a price target of $200.00. The company’s shares closed last Monday at $161.59.

According to TipRanks.com, Savageaux is a 5-star analyst with an average return of 15.8% and a 55.8% success rate. Savageaux covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Luna Innovations.

Currently, the analyst consensus on Fabrinet is a Strong Buy with an average price target of $183.83, representing a 13.0% upside. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $185.00 price target.

See today’s best-performing stocks on TipRanks >>

Teradata (TDC)

In a report released today, Nehal Chokshi from Northland Securities reiterated a Buy rating on Teradata, with a price target of $61.00. The company’s shares closed last Monday at $44.96.

According to TipRanks.com, Chokshi is a top 100 analyst with an average return of 22.2% and a 60.9% success rate. Chokshi covers the Technology sector, focusing on stocks such as CSG Systems International, Super Micro Computer, and Palo Alto Networks.

Teradata has an analyst consensus of Moderate Buy, with a price target consensus of $60.40, a 35.9% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a $55.00 price target.

Veeco (VECO)

In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Veeco, with a price target of $37.00. The company’s shares closed last Monday at $24.86.

According to TipRanks.com, Richard is a top 100 analyst with an average return of 19.4% and a 58.6% success rate. Richard covers the Technology sector, focusing on stocks such as SolarEdge Technologies, Advanced Micro Devices, and PDF Solutions.

Currently, the analyst consensus on Veeco is a Strong Buy with an average price target of $34.80, which is a 37.7% upside from current levels. In a report issued on October 31, Oppenheimer also maintained a Buy rating on the stock with a $33.00 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 FN:

• FN Upcoming Earnings Report: What to Expect?
• O’Reilly upgraded, Yeti downgraded: Wall Street’s top analyst calls
• Fabrinet initiated with a Buy at Rosenblatt