There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Semtech (SMTC – Research Report), Coherent Corp (COHR – Research Report) and Cellebrite DI (CLBT – Research Report) with bullish sentiments.
Semtech (SMTC)
Craig-Hallum analyst Anthony Stoss maintained a Buy rating on Semtech today and set a price target of $36.00. The company’s shares closed last Thursday at $27.49.
According to TipRanks.com, Stoss is a 5-star analyst with an average return of
Currently, the analyst consensus on Semtech is a Strong Buy with an average price target of $37.50, which is a 33.5% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $38.00 price target.
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Coherent Corp (COHR)
Stifel Nicolaus analyst Ruben Roy maintained a Buy rating on Coherent Corp today and set a price target of $68.00. The company’s shares closed last Thursday at $60.62.
According to TipRanks.com, Roy is a 5-star analyst with an average return of
Coherent Corp has an analyst consensus of Moderate Buy, with a price target consensus of $64.55, which is a 5.6% upside from current levels. In a report released today, Needham also reiterated a Buy rating on the stock with a $72.00 price target.
Cellebrite DI (CLBT)
In a report released today, Jeff Van Rhee from Craig-Hallum maintained a Buy rating on Cellebrite DI, with a price target of $16.00. The company’s shares closed last Thursday at $11.08.
According to TipRanks.com, Rhee is a 4-star analyst with an average return of
Currently, the analyst consensus on Cellebrite DI is a Strong Buy with an average price target of $13.25, implying a 15.7% upside from current levels. In a report issued on March 28, Needham also maintained a Buy rating on the stock with a $13.50 price target.
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