Analysts Offer Insights on Technology Companies: Analog Devices (ADI), Emeren Group (SOL) and Arqit Quantum (ARQQ)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Analog Devices (ADI – Research Report), Emeren Group (SOL – Research Report) and Arqit Quantum (ARQQ – Research Report) with bullish sentiments.

Analog Devices (ADI)

J.P. Morgan analyst Harlan Sur maintained a Buy rating on Analog Devices today. The company’s shares closed last Tuesday at $181.25.

According to TipRanks.com, Sur is a top 100 analyst with an average return of 18.5% and a 64.2% success rate. Sur covers the Technology sector, focusing on stocks such as Advanced Micro Devices, ARM Holdings PLC ADR, and GlobalFoundries Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Analog Devices with a $200.13 average price target, which is a 9.3% upside from current levels. In a report issued on November 16, Morgan Stanley also upgraded the stock to Buy with a $225.00 price target.

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Emeren Group (SOL)

H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Emeren Group today and set a price target of $7.00. The company’s shares closed last Tuesday at $2.62, close to its 52-week low of $2.35.

According to TipRanks.com, Dayal is a 5-star analyst with an average return of 9.6% and a 30.9% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as TOMI Environmental Solutions, Amprius Technologies Inc, and Pioneer Power Solutions.

Emeren Group has an analyst consensus of Strong Buy, with a price target consensus of $6.67.

Arqit Quantum (ARQQ)

H.C. Wainwright analyst Scott Buck maintained a Buy rating on Arqit Quantum today and set a price target of $3.00. The company’s shares closed last Tuesday at $0.54, close to its 52-week low of $0.39.

According to TipRanks.com, Buck is ranked 0 out of 5 stars with an average return of -20.9% and a 26.2% success rate. Buck covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, Mogo Finance Technology, and Lightpath Technologies.

Arqit Quantum has an analyst consensus of Moderate Buy, with a price target consensus of $3.00.

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