There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Monolithic Power (MPWR – Research Report), Stem Inc (STEM – Research Report) and Pacific Biosciences (PACB – Research Report) with bullish sentiments.
Monolithic Power (MPWR)
TD Cowen analyst Matt Ramsay reiterated a Buy rating on Monolithic Power yesterday and set a price target of $550.00. The company’s shares closed last Monday at $404.00.
According to TipRanks.com, Ramsay is a top 25 analyst with an average return of
Monolithic Power has an analyst consensus of Strong Buy, with a price target consensus of $562.86, a 40.7% upside from current levels. In a report issued on October 23, Wells Fargo also maintained a Buy rating on the stock with a $575.00 price target.
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Stem Inc (STEM)
TD Cowen analyst Thomas Boyes maintained a Buy rating on Stem Inc yesterday and set a price target of $7.00. The company’s shares closed last Monday at $3.16, close to its 52-week low of $3.00.
According to TipRanks.com, Boyes is ranked #8323 out of 8565 analysts.
Currently, the analyst consensus on Stem Inc is a Moderate Buy with an average price target of $8.93.
Pacific Biosciences (PACB)
In a report released yesterday, Daniel Brennan from TD Cowen maintained a Buy rating on Pacific Biosciences, with a price target of $19.00. The company’s shares closed last Monday at $7.11, close to its 52-week low of $6.70.
According to TipRanks.com, Brennan is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pacific Biosciences with a $12.56 average price target, implying a 74.0% upside from current levels. In a report issued on October 17, Goldman Sachs also maintained a Buy rating on the stock with a $11.00 price target.
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Read More on MPWR:
- Monolithic Power Systems Announces $640 Million Stock Repurchase Program
- Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2023
- MPWR Earnings this Week: How Will it Perform?
- Monolithic Power price target lowered to $500 from $565 at Oppenheimer
- Monolithic Power Systems to Report Third Quarter Results on October 30, 2023
