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Analysts Are Bullish on These Technology Stocks: Cantaloupe (CTLP), Infinera (INFN)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cantaloupe (CTLPResearch Report) and Infinera (INFNResearch Report) with bullish sentiments.

Cantaloupe (CTLP)

Craig-Hallum analyst George Sutton maintained a Buy rating on Cantaloupe today. The company’s shares closed last Thursday at $7.00.

According to TipRanks.com, Sutton is a 5-star analyst with an average return of 12.8% and a 53.1% success rate. Sutton covers the Technology sector, focusing on stocks such as Transact Technologies, MoneyLion, and AudioEye.

Cantaloupe has an analyst consensus of Strong Buy, with a price target consensus of $10.00, a 51.7% upside from current levels. In a report issued on February 2, Northland Securities also maintained a Buy rating on the stock with a $10.00 price target.

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

Infinera (INFN)

In a report released today, Christian Schwab from Craig-Hallum maintained a Buy rating on Infinera. The company’s shares closed last Thursday at $5.21.

According to TipRanks.com, Schwab is a 5-star analyst with an average return of 17.0% and a 62.9% success rate. Schwab covers the Technology sector, focusing on stocks such as NEXTracker, Inc. Class A, Advanced Micro Devices, and Axcelis Technologies.

Infinera has an analyst consensus of Strong Buy, with a price target consensus of $7.47.

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