There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Singapore Technologies Engineering (SGGKF – Research Report) and GDS Holdings (GDS – Research Report) with bullish sentiments.
Singapore Technologies Engineering (SGGKF)
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Singapore Technologies Engineering with a $2.93 average price target, implying a 14.7% upside from current levels. In a report issued on November 16, CGS-CIMB also maintained a Buy rating on the stock with a price target.
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GDS Holdings (GDS)
Cowen & Co. analyst Michael Elias reiterated a Buy rating on GDS Holdings on November 22 and set a price target of $29.00. The company’s shares closed last Thursday at $14.87, close to its 52-week low of $8.41.
According to TipRanks.com, Elias is ranked #7469 out of 8160 analysts.
Currently, the analyst consensus on GDS Holdings is a Moderate Buy with an average price target of $31.38, implying an 111.3% upside from current levels. In a report issued on November 23, HSBC also maintained a Buy rating on the stock with a $36.00 price target.
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