Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Baidu (BIDU – Research Report), Micron (MU – Research Report) and Progress Software (PRGS – Research Report).
Baidu (BIDU)
In a report released yesterday, Gary Yu from Morgan Stanley maintained a Hold rating on Baidu, with a price target of $160.00. The company’s shares closed last Tuesday at $159.96, close to its 52-week high of $171.87.
According to TipRanks.com, Yu is ranked #7742 out of 8352 analysts.
Currently, the analyst consensus on Baidu is a Strong Buy with an average price target of $186.27.
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Micron (MU)
Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Micron today and set a price target of $100.00. The company’s shares closed last Tuesday at $59.28.
According to TipRanks.com, Mosesmann is a top 25 analyst with an average return of
Currently, the analyst consensus on Micron is a Moderate Buy with an average price target of $68.61, representing a 14.7% upside. In a report issued on March 14, Mizuho Securities also reiterated a Buy rating on the stock with a $72.00 price target.
Progress Software (PRGS)
In a report released today, Pinjalim Bora from J.P. Morgan maintained a Buy rating on Progress Software, with a price target of $65.00. The company’s shares closed last Tuesday at $58.65.
According to TipRanks.com, Bora is a 1-star analyst with an average return of
Progress Software has an analyst consensus of Strong Buy, with a price target consensus of $61.50, representing a 5.0% upside. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $63.00 price target.
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