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Analysts’ Top Technology Picks: BigCommerce Holdings (BIGC), Silicon Laboratories (SLAB)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on BigCommerce Holdings (BIGCResearch Report) and Silicon Laboratories (SLABResearch Report) with bullish sentiments.

BigCommerce Holdings (BIGC)

In a report released today, J. Parker Lane from Stifel Nicolaus maintained a Buy rating on BigCommerce Holdings, with a price target of $12.00. The company’s shares closed last Monday at $8.69.

According to TipRanks.com, Lane is a 1-star analyst with an average return of -0.7% and a 49.7% success rate. Lane covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Unity Software.

BigCommerce Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $11.50, a 37.9% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $20.00 price target.

See today’s best-performing stocks on TipRanks >>

Silicon Laboratories (SLAB)

In a report released today, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on Silicon Laboratories, with a price target of $155.00. The company’s shares closed last Monday at $131.46.

According to TipRanks.com, Svanberg is a top 100 analyst with an average return of 16.9% and a 64.0% success rate. Svanberg covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and NXP Semiconductors.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Silicon Laboratories with a $120.75 average price target.

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