There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on HashiCorp (HCP – Research Report) and Cadence Design (CDNS – Research Report) with bullish sentiments.
HashiCorp (HCP)
Stifel Nicolaus analyst Brad Reback maintained a Buy rating on HashiCorp today and set a price target of $28.00. The company’s shares closed last Tuesday at $23.96.
According to TipRanks.com, Reback is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HashiCorp with a $28.08 average price target, which is a 13.5% upside from current levels. In a report issued on February 26, Morgan Stanley also upgraded the stock to Buy with a $30.00 price target.
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Cadence Design (CDNS)
Stifel Nicolaus analyst Ruben Roy maintained a Buy rating on Cadence Design today and set a price target of $350.00. The company’s shares closed last Tuesday at $307.70, close to its 52-week high of $320.78.
According to TipRanks.com, Roy is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cadence Design with a $321.70 average price target, which is a 2.7% upside from current levels. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $320.00 price target.
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Read More on HCP:
- HashiCorp Announces Fourth Quarter and Fiscal Year 2024 Financial Results
- HCP Upcoming Earnings Report: What to Expect?
- Moderna downgraded, Gap upgraded: Wall Street’s top analyst calls
- HashiCorp upgraded to Overweight from Equal Weight at Morgan Stanley
- HashiCorp to announce fourth quarter and fiscal year 2024 financial results Mar. 5, 2024
