Analysts have been eager to weigh in on the Technology sector with new ratings on Applied Materials (AMAT – Research Report), Silverlake Axis (SLVFF – Research Report) and Cisco Systems (CSCO – Research Report).
Applied Materials (AMAT)
In a report issued on February 16, Jim Hin Kwong Au from DBS maintained a Buy rating on Applied Materials. The company’s shares closed last Friday at $199.57, close to its 52-week high of $206.77.
According to TipRanks.com, Au is a 4-star analyst with an average return of
Applied Materials has an analyst consensus of Moderate Buy, with a price target consensus of $211.86, implying a 4.9% upside from current levels. In a report issued on February 16, TD Cowen also reiterated a Buy rating on the stock with a $245.00 price target.
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Silverlake Axis (SLVFF)
In a report issued on February 15, Ling Lee Keng from DBS maintained a Buy rating on Silverlake Axis, with a price target of S$0.35. The company’s shares closed last Friday at $0.24, close to its 52-week high of $0.25.
According to TipRanks.com, Keng is ranked #2972 out of 8727 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Silverlake Axis with a $0.26 average price target, representing an 8.3% upside. In a report released today, Phillip Securities also maintained a Buy rating on the stock with a S$0.36 price target.
Cisco Systems (CSCO)
Goldman Sachs analyst Mike Ng maintained a Hold rating on Cisco Systems on February 14 and set a price target of $50.00. The company’s shares closed last Friday at $48.44.
According to TipRanks.com, Ng is a 2-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Cisco Systems with a $52.50 average price target, which is a 7.7% upside from current levels. In a report issued on February 14, Wells Fargo also initiated coverage with a Hold rating on the stock with a $52.00 price target.
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Read More on AMAT:
- Early notable gainers among liquid option names on February 16th
- Applied Materials price target raised to $240 from $160 at Craig-Hallum
- Applied Materials price target raised to $240 from $180 at Needham
- Applied Materials price target raised to $230 from $175 at Stifel
- Applied Materials price target raised to $250 from $220 at B. Riley
