There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on SolarEdge Technologies (SEDG – Research Report) and Nvidia (NVDA – Research Report) with bullish sentiments.
SolarEdge Technologies (SEDG)
Northland Securities analyst Gus Richard maintained a Buy rating on SolarEdge Technologies today and set a price target of $72.00. The company’s shares closed last Wednesday at $74.14, close to its 52-week low of $63.25.
According to TipRanks.com, Richard is a top 100 analyst with an average return of
Currently, the analyst consensus on SolarEdge Technologies is a Hold with an average price target of $82.21, representing a 17.4% upside. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $100.00 price target.
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Nvidia (NVDA)
In a report released today, Richard Shannon from Craig-Hallum reiterated a Buy rating on Nvidia, with a price target of $850.00. The company’s shares closed last Wednesday at $674.72, close to its 52-week high of $746.11.
According to TipRanks.com, Shannon is a 4-star analyst with an average return of
Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $838.18, which is a 23.3% upside from current levels. In a report issued on February 16, Loop Capital Markets also initiated coverage with a Buy rating on the stock with a $1200.00 price target.
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Read More on SEDG:
- SolarEdge sees Q1 revenue $175M-$215M, consensus $406.3M
- SolarEdge price target lowered to $77 from $105 at Piper Sandler
- SolarEdge price target lowered to $97 from $107 at Susquehanna
- SolarEdge price target lowered to $90 from $93 at Scotiabank
- SolarEdge price target lowered to $76 from $80 at Roth MKM
