Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Applied Materials (AMAT – Research Report), Zoom Video Communications (ZM – Research Report) and Squarespace (SQSP – Research Report).
Applied Materials (AMAT)
J.P. Morgan analyst Harlan Sur maintained a Buy rating on Applied Materials today and set a price target of $170.00. The company’s shares closed last Thursday at $154.81, close to its 52-week high of $157.76.
According to TipRanks.com, Sur is a top 100 analyst with an average return of
Currently, the analyst consensus on Applied Materials is a Strong Buy with an average price target of $165.18, implying a 6.3% upside from current levels. In a report issued on November 14, Stifel Nicolaus also maintained a Buy rating on the stock with a $175.00 price target.
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Zoom Video Communications (ZM)
In a report released yesterday, Mark Murphy from J.P. Morgan maintained a Hold rating on Zoom Video Communications. The company’s shares closed last Thursday at $63.40.
According to TipRanks.com, Murphy is a 5-star analyst with an average return of
Zoom Video Communications has an analyst consensus of Hold, with a price target consensus of $80.41, representing a 27.1% upside. In a report released today, Citi also upgraded the stock to Hold with a $66.00 price target.
Squarespace (SQSP)
Citi analyst Ygal Arounian maintained a Buy rating on Squarespace yesterday and set a price target of $40.00. The company’s shares closed last Thursday at $28.71.
According to TipRanks.com, Arounian is a 4-star analyst with an average return of
Currently, the analyst consensus on Squarespace is a Moderate Buy with an average price target of $36.00, implying a 28.3% upside from current levels. In a report issued on November 7, William Blair also maintained a Buy rating on the stock.
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Read More on AMAT:
- Applied Materials, Inc. Earnings Report: Is it a Beat?
- Applied Materials (NASDAQ:AMAT) Stock Dips Amid Investigation; Should You Buy?
- AMAT Tanks despite Q4 Beat, Upbeat Guidance
- Applied Materials Announces Fourth Quarter and Fiscal Year 2023 Results
- Applied Materials options imply 2.9% move in share price post-earnings
