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Analysts’ Top Technology Picks: Alphabet Class A (GOOGL), WuXi AppTec Co., Ltd. Class H (HK:2359)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Alphabet Class A (GOOGLResearch Report), WuXi AppTec Co., Ltd. Class H (HK:2359Research Report) and SAP SE (GB:0NW4Research Report) with bullish sentiments.

Alphabet Class A (GOOGL)

In a report issued on July 27, Sachin Mittal from DBS maintained a Buy rating on Alphabet Class A, with a price target of $160.00. The company’s shares closed last Wednesday at $128.38, close to its 52-week high of $133.74.

According to TipRanks.com, Mittal is a 5-star analyst with an average return of 23.2% and a 88.7% success rate. Mittal covers the Technology sector, focusing on stocks such as International Business Machines, Uber Technologies, and Paypal Holdings.

Alphabet Class A has an analyst consensus of Strong Buy, with a price target consensus of $149.76, representing a 15.7% upside. In a report issued on July 13, Morgan Stanley also maintained a Buy rating on the stock with a $150.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

SAP SE (GB:0NW4)

Bernstein analyst Mark Moerdler maintained a Buy rating on SAP SE yesterday and set a price target of EUR159.00. The company’s shares closed yesterday at EUR122.87.

According to TipRanks.com, Moerdler is a 5-star analyst with an average return of 17.2% and a 75.1% success rate. Moerdler covers the Technology sector, focusing on stocks such as Salesforce, Microsoft, and Snowflake.

Currently, the analyst consensus on SAP SE is a Strong Buy with an average price target of EUR139.19, representing a 13.0% upside. In a report issued on July 21, J.P. Morgan also maintained a Buy rating on the stock with a EUR138.00 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.

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