Companies in the Technology sector have received a lot of coverage today as analysts weigh in on GlobalFoundries Inc (GFS – Research Report), Silicon Motion (SIMO – Research Report) and Shoals Technologies Group (SHLS – Research Report).
GlobalFoundries Inc (GFS)
In a report released yesterday, Harlan Sur from J.P. Morgan maintained a Buy rating on GlobalFoundries Inc, with a price target of $65.00. The company’s shares closed last Tuesday at $54.27.
According to TipRanks.com, Sur is a top 100 analyst with an average return of
Currently, the analyst consensus on GlobalFoundries Inc is a Strong Buy with an average price target of $68.41, a 25.5% upside from current levels. In a report issued on November 2, Susquehanna also maintained a Buy rating on the stock with a $75.00 price target.
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Silicon Motion (SIMO)
J.P. Morgan analyst Gokul Hariharan maintained a Hold rating on Silicon Motion on November 3 and set a price target of $54.00. The company’s shares closed last Tuesday at $56.83, close to its 52-week low of $49.50.
According to TipRanks.com, Hariharan is ranked #1774 out of 8601 analysts.
Currently, the analyst consensus on Silicon Motion is a Moderate Buy with an average price target of $70.17, which is a 26.5% upside from current levels. In a report issued on November 3, B.Riley Financial also maintained a Hold rating on the stock with a $62.00 price target.
Shoals Technologies Group (SHLS)
In a report released today, Brian K. Lee from Goldman Sachs maintained a Buy rating on Shoals Technologies Group. The company’s shares closed last Tuesday at $16.23, close to its 52-week low of $14.31.
According to TipRanks.com, Lee is a 4-star analyst with an average return of
Currently, the analyst consensus on Shoals Technologies Group is a Moderate Buy with an average price target of $25.50, a 63.5% upside from current levels. In a report released today, TD Cowen also maintained a Buy rating on the stock with a $30.00 price target.
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Read More on GFS:
- GlobalFoundries'(NASDAQ:GFS) Q3 Earnings Beats Expectations
- Notable companies reporting before tomorrow’s open
- GlobalFoundries price target lowered to $75 from $82 at Susquehanna
- GlobalFoundries awarded $35M funding from U.S. Government
- GlobalFoundries Awarded $35 Million Funding from U.S. Government to Accelerate Manufacturing of Next-Generation GaN Chips
