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Analysts’ Top Technology Picks: Mercury Systems (MRCY), Corporate Travel Management Limited (CTMLF)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Mercury Systems (MRCYResearch Report), Corporate Travel Management Limited (CTMLFResearch Report) and XP (XPResearch Report) with bullish sentiments.

Mercury Systems (MRCY)

Truist Financial analyst Michael Ciarmoli maintained a Buy rating on Mercury Systems on October 20 and set a price target of $48.00. The company’s shares closed last Tuesday at $36.27.

According to TipRanks.com, Ciarmoli is a 5-star analyst with an average return of 9.9% and a 56.7% success rate. Ciarmoli covers the Industrial Goods sector, focusing on stocks such as Air Transport Services, Albany International, and AerSale Corporation.

Mercury Systems has an analyst consensus of Hold, with a price target consensus of $36.40.

See the top stocks recommended by analysts >>

Corporate Travel Management Limited (CTMLF)

Jarden analyst Ben Gilbert maintained a Buy rating on Corporate Travel Management Limited on October 20 and set a price target of A$23.00. The company’s shares closed last Wednesday at $10.58, equals to its 52-week low of $10.58.

According to TipRanks.com, Gilbert is a 1-star analyst with an average return of -5.2% and a 34.3% success rate. Gilbert covers the Consumer Goods sector, focusing on stocks such as Treasury Wine Estates Limited, Costa Group Holdings Ltd., and Woolworths Group Ltd.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Corporate Travel Management Limited with a $14.21 average price target, a 34.3% upside from current levels. In a report issued on October 12, Goldman Sachs also maintained a Buy rating on the stock with a A$20.50 price target.

XP (XP)

In a report released yesterday, Gabriel Gusan from Citi maintained a Buy rating on XP, with a price target of $30.00. The company’s shares closed last Tuesday at $20.87.

Gusan has an average return of 16.7% when recommending XP.

According to TipRanks.com, Gusan is ranked #5108 out of 8565 analysts.

Currently, the analyst consensus on XP is a Strong Buy with an average price target of $30.20.

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