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Analysts Offer Insights on Technology Companies: International Business Machines (IBM), Synopsys (SNPS) and Asana (ASAN)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on International Business Machines (IBMResearch Report), Synopsys (SNPSResearch Report) and Asana (ASANResearch Report) with bullish sentiments.

International Business Machines (IBM)

In a report released yesterday, Wamsi Mohan from Bank of America Securities maintained a Buy rating on International Business Machines, with a price target of $200.00. The company’s shares closed last Monday at $191.73, close to its 52-week high of $198.73.

According to TipRanks.com, Mohan is a 5-star analyst with an average return of 9.9% and a 56.5% success rate. Mohan covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, DigitalOcean Holdings, and Dell Technologies.

International Business Machines has an analyst consensus of Hold, with a price target consensus of $190.15.

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Synopsys (SNPS)

In a report released yesterday, Gary Mobley from Wells Fargo maintained a Buy rating on Synopsys, with a price target of $630.00. The company’s shares closed last Monday at $565.32.

According to TipRanks.com, Mobley is a 5-star analyst with an average return of 13.5% and a 58.9% success rate. Mobley covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Allegro MicroSystems, and Silicon Laboratories.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Synopsys with a $630.00 average price target.

Asana (ASAN)

In a report released yesterday, Michael Funk from Bank of America Securities reiterated a Buy rating on Asana, with a price target of $25.00. The company’s shares closed last Monday at $18.79.

According to TipRanks.com, Funk is a 3-star analyst with an average return of 1.2% and a 58.4% success rate. Funk covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Zoom Video Communications, and Weave Communications.

Currently, the analyst consensus on Asana is a Hold with an average price target of $21.57, representing a 14.1% upside. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $27.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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