There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Adyen (ADYYF – Research Report), Western Digital (WDC – Research Report) and Shopify (SHOP – Research Report) with bullish sentiments.
Adyen (ADYYF)
UBS analyst Justin Forsythe maintained a Buy rating on Adyen today and set a price target of EUR1700.00. The company’s shares closed last Wednesday at $1520.47.
Forsythe has an average return of
According to TipRanks.com, Forsythe is ranked #2287 out of 8781 analysts.
Currently, the analyst consensus on Adyen is a Strong Buy with an average price target of $1833.08, representing a 18.6% upside. In a report issued on April 15, Citi also maintained a Buy rating on the stock with a EUR1800.00 price target.
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Western Digital (WDC)
Morgan Stanley analyst Joseph Moore maintained a Buy rating on Western Digital today and set a price target of $83.00. The company’s shares closed last Wednesday at $70.17, close to its 52-week high of $76.92.
According to TipRanks.com, Moore is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Western Digital with a $79.88 average price target, representing a 10.6% upside. In a report issued on April 5, Rosenblatt Securities also upgraded the stock to Buy with a $115.00 price target.
Shopify (SHOP)
In a report released today, Paul Treiber from RBC Capital maintained a Buy rating on Shopify, with a price target of $100.00. The company’s shares closed last Wednesday at $69.41.
According to TipRanks.com, Treiber 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 Shopify with a $81.92 average price target, a 17.9% upside from current levels. In a report issued on April 3, Robert W. Baird also assigned a Buy rating to the stock with a $87.00 price target.
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