Analysts have been eager to weigh in on the Technology sector with new ratings on Ansys (ANSS – Research Report) and Array Technologies (ARRY – Research Report).
Ansys (ANSS)
Citi analyst Tyler Radke maintained a Hold rating on Ansys on December 22 and set a price target of $296.00. The company’s shares closed last Friday at $357.98, close to its 52-week high of $363.86.
According to TipRanks.com, Radke is a 4-star analyst with an average return of
Currently, the analyst consensus on Ansys is a Hold with an average price target of $304.60, implying a -16.1% downside from current levels. In a report issued on December 22, Stifel Nicolaus also maintained a Hold rating on the stock.
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Array Technologies (ARRY)
Bank of America Securities analyst Julien Dumoulin Smith reiterated a Buy rating on Array Technologies on December 22 and set a price target of $21.00. The company’s shares closed last Friday at $17.25.
According to TipRanks.com, Smith is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Array Technologies with a $25.08 average price target, representing a 45.9% upside. In a report issued on December 11, Scotiabank also maintained a Buy rating on the stock with a $33.00 price target.
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