There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on ON Semiconductor (ON – Research Report) and Palo Alto Networks (PANW – Research Report) with bullish sentiments.
ON Semiconductor (ON)
In a report released yesterday, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on ON Semiconductor, with a price target of $82.00. The company’s shares closed last Wednesday at $79.89.
According to TipRanks.com, Svanberg is a top 100 analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ON Semiconductor with a $89.22 average price target, a 10.0% upside from current levels. In a report issued on February 28, Wells Fargo also maintained a Buy rating on the stock with a $110.00 price target.
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Palo Alto Networks (PANW)
Stifel Nicolaus analyst Adam Borg maintained a Buy rating on Palo Alto Networks yesterday and set a price target of $330.00. The company’s shares closed last Wednesday at $290.12.
According to TipRanks.com, Borg is a 5-star analyst with an average return of
Currently, the analyst consensus on Palo Alto Networks is a Moderate Buy with an average price target of $335.18, a 17.4% upside from current levels. In a report issued on March 12, Barclays also assigned a Buy rating to the stock with a $345.00 price target.
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