There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Singtel (SNGNF – Research Report) and Cloudflare (NET – Research Report) with bullish sentiments.
Singtel (SNGNF)
In a report released yesterday, Sachin Mittal from DBS maintained a Buy rating on Singtel, with a price target of S$3.18. The company’s shares closed last Monday at $1.91.
According to TipRanks.com, Mittal 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 Singtel with a $2.40 average price target.
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Cloudflare (NET)
In a report released today, Shaul Eyal from Cowen & Co. reiterated a Buy rating on Cloudflare, with a price target of $75.00. The company’s shares closed last Thursday at $58.17.
According to TipRanks.com, Eyal is a top 25 analyst with an average return of
Cloudflare has an analyst consensus of Moderate Buy, with a price target consensus of $59.15, a -0.7% downside from current levels. In a report issued on February 5, RBC Capital also maintained a Buy rating on the stock with a $60.00 price target.
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