There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Adobe (ADBE – Research Report), Super Micro Computer (SMCI – Research Report) and Broadcom (AVGO – Research Report) with bullish sentiments.
Adobe (ADBE)
In a report released today, Saket Kalia from Barclays maintained a Buy rating on Adobe, with a price target of $630.00. The company’s shares closed last Tuesday at $521.19.
According to TipRanks.com, Kalia 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 Adobe with a $626.21 average price target, which is a 22.8% upside from current levels. In a report issued on March 7, Oppenheimer also maintained a Buy rating on the stock with a $660.00 price target.
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Super Micro Computer (SMCI)
Barclays analyst George Wang CFA maintained a Buy rating on Super Micro Computer yesterday and set a price target of $961.00. The company’s shares closed last Tuesday at $910.97.
According to TipRanks.com, CFA is a 5-star analyst with an average return of
Super Micro Computer has an analyst consensus of Moderate Buy, with a price target consensus of $909.70, which is a 2.4% upside from current levels. In a report issued on March 6, Argus Research also initiated coverage with a Buy rating on the stock with a $1350.00 price target.
Broadcom (AVGO)
In a report released yesterday, Thomas O’Malley from Barclays initiated coverage with a Buy rating on Broadcom and a price target of $1405.00. The company’s shares closed last Tuesday at $1238.01.
According to TipRanks.com, O’Malley is a 4-star analyst with an average return of
Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $1563.44, implying a 28.5% upside from current levels. In a report issued on March 8, Bernstein also maintained a Buy rating on the stock with a $1600.00 price target.
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