There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Infineon Technologies AG (IFNNF – Research Report), Freshworks (FRSH – Research Report) and Fortinet (FTNT – Research Report) with bullish sentiments.
Infineon Technologies AG (IFNNF)
Goldman Sachs analyst Alexander Duval maintained a Buy rating on Infineon Technologies AG today and set a price target of EUR41.00. The company’s shares closed last Tuesday at $35.87.
According to TipRanks.com, Duval is ranked #921 out of 8702 analysts.
Currently, the analyst consensus on Infineon Technologies AG is a Strong Buy with an average price target of $49.09, a 36.8% upside from current levels. In a report issued on January 29, Bernstein also maintained a Buy rating on the stock with a EUR45.00 price target.
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Freshworks (FRSH)
Needham analyst Scott Berg maintained a Buy rating on Freshworks today and set a price target of $30.00. The company’s shares closed last Tuesday at $21.82.
According to TipRanks.com, Berg is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Freshworks with a $26.10 average price target, which is a 20.6% upside from current levels. In a report issued on January 26, J.P. Morgan also maintained a Buy rating on the stock.
Fortinet (FTNT)
Bank of America Securities analyst Tal Liani reiterated a Buy rating on Fortinet today and set a price target of $87.00. The company’s shares closed last Tuesday at $67.48.
According to TipRanks.com, Liani is a 5-star analyst with an average return of
Currently, the analyst consensus on Fortinet is a Hold with an average price target of $68.36, implying a 2.8% upside from current levels. In a report issued on January 23, Morgan Stanley also maintained a Buy rating on the stock with a $77.00 price target.
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