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Analysts Are Bullish on These Technology Stocks: Bitdeer Technologies (BTDR), ON Semiconductor (ON)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Bitdeer Technologies (BTDRResearch Report), ON Semiconductor (ONResearch Report) and Par Technology (PARResearch Report) with bullish sentiments.

Bitdeer Technologies (BTDR)

Benchmark Co. analyst Mark Palmer maintained a Buy rating on Bitdeer Technologies today and set a price target of $13.00. The company’s shares closed last Tuesday at $6.93.

Palmer has an average return of 7.2% when recommending Bitdeer Technologies.

According to TipRanks.com, Palmer is ranked #1369 out of 8763 analysts.

Bitdeer Technologies has an analyst consensus of Strong Buy, with a price target consensus of $14.20, implying a 96.9% upside from current levels. In a report issued on March 13, BTIG also initiated coverage with a Buy rating on the stock with a $15.00 price target.

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ON Semiconductor (ON)

In a report released today, Brent Thill from Jefferies maintained a Buy rating on ON Semiconductor, with a price target of $700.00. The company’s shares closed last Tuesday at $72.89.

According to TipRanks.com, Thill ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -3.3% and a 44.8% success rate. Thill covers the Technology sector, focusing on stocks such as International Business Machines, Palantir Technologies, and Instructure Holdings.

Currently, the analyst consensus on ON Semiconductor is a Moderate Buy with an average price target of $121.16, implying a 63.7% upside from current levels. In a report issued on March 12, Goldman Sachs also reiterated a Buy rating on the stock with a $91.00 price target.

Par Technology (PAR)

Craig-Hallum analyst George Sutton maintained a Buy rating on Par Technology today. The company’s shares closed last Tuesday at $42.72.

According to TipRanks.com, Sutton is a 5-star analyst with an average return of 12.3% and a 48.5% success rate. Sutton covers the Technology sector, focusing on stocks such as Transact Technologies, The Hackett Group, and ACI Worldwide.

Currently, the analyst consensus on Par Technology is a Moderate Buy with an average price target of $51.75, implying a 20.2% upside from current levels. In a report issued on March 12, Sidoti also upgraded the stock to Buy with a $61.00 price target.

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