There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Northrop (NOC – Research Report) and JFrog (FROG – Research Report) with bullish sentiments.
Northrop (NOC)
In a report issued on January 27, Ronald Epstein from Bank of America Securities reiterated a Buy rating on Northrop, with a price target of $655.00. The company’s shares closed last Friday at $437.65.
According to TipRanks.com, Epstein is a 3-star analyst with an average return of
Currently, the analyst consensus on Northrop is a Moderate Buy with an average price target of $523.71, which is a 20.9% upside from current levels. In a report issued on January 12, Credit Suisse also maintained a Buy rating on the stock with a $540.00 price target.
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JFrog (FROG)
Bank of America Securities analyst Koji Ikeda maintained a Buy rating on JFrog on January 27 and set a price target of $32.00. The company’s shares closed last Friday at $26.77, close to its 52-week high of $28.18.
According to TipRanks.com, Ikeda is a 5-star analyst with an average return of
JFrog has an analyst consensus of Strong Buy, with a price target consensus of $28.20, which is a 9.1% upside from current levels. In a report issued on January 25, Cantor Fitzgerald also initiated coverage with a Buy rating on the stock with a $29.00 price target.
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Read More on NOC:
- Northrop Grumman Receives Analyst Downgrade, Shares Slide
- Northrop Grumman downgraded to Peer Perform at Wolfe Research on B-21 overhang
- Northrop Grumman price target lowered to $520 from $550 at RBC Capital
- Northrop Grumman downgraded to Peer Perform from Outperform at Wolfe Research
- Northrop Grumman price target lowered to $535 from $615 at Susquehanna
