Analysts have been eager to weigh in on the Technology sector with new ratings on Urgent.ly Inc (ULY – Research Report), Adobe (ADBE – Research Report) and Broadcom (AVGO – Research Report).
Adobe (ADBE)
Wells Fargo analyst Michael Turrin assigned a Buy rating to Adobe today and set a price target of $675.00. The company’s shares closed last Thursday at $570.45.
According to TipRanks.com, Turrin has 0 stars on 0-5 stars ranking scale with an average return of
Currently, the analyst consensus on Adobe is a Moderate Buy with an average price target of $634.54, implying a 9.8% upside from current levels. In a report issued on March 6, Jefferies also maintained a Buy rating on the stock with a $700.00 price target.
Broadcom (AVGO)
In a report released today, Edward Kelly from Wells Fargo assigned a Hold rating to Broadcom, with a price target of $1430.00. The company’s shares closed last Thursday at $1262.27.
According to TipRanks.com, Kelly is a 5-star analyst with an average return of
Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $1552.06, which is a 22.9% upside from current levels. In a report issued on March 7, Wolfe Research also maintained a Hold rating on the stock.
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