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Analysts Offer Insights on Technology Companies: L3Harris Technologies (LHX), Trade Desk (TTD) and Lumen Technologies (LUMN)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on L3Harris Technologies (LHXResearch Report), Trade Desk (TTDResearch Report) and Lumen Technologies (LUMNResearch Report).

L3Harris Technologies (LHX)

Truist Financial analyst Michael Ciarmoli maintained a Buy rating on L3Harris Technologies on October 27 and set a price target of $224.00. The company’s shares closed last Tuesday at $179.41.

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.

L3Harris Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $208.00, a 17.8% upside from current levels. In a report issued on October 30, Raymond James also upgraded the stock to Buy with a $210.00 price target.

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Trade Desk (TTD)

Truist Financial analyst Youssef Squali maintained a Buy rating on Trade Desk on October 30 and set a price target of $90.00. The company’s shares closed last Tuesday at $70.96.

According to TipRanks.com, Squali is a 5-star analyst with an average return of 13.7% and a 51.6% success rate. Squali covers the Technology sector, focusing on stocks such as NerdWallet, Inc. Class A, ODDITY Tech Ltd. Class A, and DoubleVerify Holdings.

Currently, the analyst consensus on Trade Desk is a Strong Buy with an average price target of $94.63, representing a 38.7% upside. In a report issued on October 24, Loop Capital Markets also initiated coverage with a Buy rating on the stock with a $95.00 price target.

Lumen Technologies (LUMN)

TD Cowen analyst Gregory Williams maintained a Hold rating on Lumen Technologies yesterday and set a price target of $5.00. The company’s shares closed last Tuesday at $1.46, close to its 52-week low of $1.27.

According to TipRanks.com, Williams has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -17.8% and a 27.6% success rate. Williams covers the NA sector, focusing on stocks such as Frontier Communications Parent, Charter Communications, and Cogent Comms.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Lumen Technologies with a $2.61 average price target.

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