There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Microchip (MCHP – Research Report) and Dell Technologies (DELL – Research Report) with bullish sentiments.
Microchip (MCHP)
In a report released yesterday, Harlan Sur from J.P. Morgan reiterated a Buy rating on Microchip, with a price target of $95.00. The company’s shares closed last Monday at $85.64.
According to TipRanks.com, Sur is a top 100 analyst with an average return of
Currently, the analyst consensus on Microchip is a Moderate Buy with an average price target of $90.94, a 7.8% upside from current levels. In a report issued on January 5, Truist Financial also maintained a Buy rating on the stock with a $97.00 price target.
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Dell Technologies (DELL)
In a report released today, Asiya Merchant from Citi maintained a Buy rating on Dell Technologies, with a price target of $84.00. The company’s shares closed last Monday at $79.36, close to its 52-week high of $79.67.
According to TipRanks.com, Merchant is a 5-star analyst with an average return of
Currently, the analyst consensus on Dell Technologies is a Strong Buy with an average price target of $85.08, representing a 9.1% upside. In a report released yesterday, J.P. Morgan also upgraded the stock to Buy with a $90.00 price target.
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Read More on MCHP:
- Microchip Stock (MASDAQ:MCHP) Slips on Weak Q3 Sales Outlook
- Microchip Technology Provides Preliminary Fiscal Third Quarter Revenue Results and Announces Earnings Release Date
- Lawmakers push to stop China’s dominance of older-gen microchips, WSJ says
- Microchip price target raised to $97 from $83 at Truist
- Microchip price target raised to $86 from $79 at Mizuho
