There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Cognizant (CTSH – Research Report), Cloudflare (NET – Research Report) and Broadcom (AVGO – Research Report) with bullish sentiments.
Cognizant (CTSH)
DBS analyst Sachin Mittal maintained a Buy rating on Cognizant yesterday and set a price target of $90.00. The company’s shares closed last Thursday at $78.30, close to its 52-week high of $78.93.
According to TipRanks.com, Mittal is a 5-star analyst with an average return of
Cognizant has an analyst consensus of Hold, with a price target consensus of $79.39, representing a 1.6% upside. In a report issued on February 7, Wedbush also maintained a Buy rating on the stock with a $85.00 price target.
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Cloudflare (NET)
In a report released today, Alex Henderson from Needham maintained a Buy rating on Cloudflare, with a price target of $135.00. The company’s shares closed last Thursday at $90.31, close to its 52-week high of $91.08.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of
Currently, the analyst consensus on Cloudflare is a Moderate Buy with an average price target of $91.88, a 9.7% upside from current levels. In a report issued on January 29, Wells Fargo also maintained a Buy rating on the stock with a $95.00 price target.
Broadcom (AVGO)
In a report released yesterday, Fang Boon Foo from DBS maintained a Buy rating on Broadcom. The company’s shares closed last Thursday at $1274.76, close to its 52-week high of $1295.97.
Foo has an average return of
According to TipRanks.com, Foo is ranked #1676 out of 8707 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Broadcom with a $1211.11 average price target, a -4.4% downside from current levels. In a report issued on February 6, J.P. Morgan also initiated coverage with a Buy rating on the stock with a $1550.00 price target.
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