There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Apple (AAPL – Research Report) and Smart Global Holdings (SGH – Research Report) with bullish sentiments.
Apple (AAPL)
In a report released today, Aaron Rakers from Wells Fargo maintained a Buy rating on Apple, with a price target of $225.00. The company’s shares closed last Friday at $165.00, close to its 52-week low of $162.80.
According to TipRanks.com, Rakers is a top 100 analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $200.71 average price target, which is a 20.8% upside from current levels. In a report issued on April 16, Needham also maintained a Buy rating on the stock with a $220.00 price target.
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Smart Global Holdings (SGH)
Needham analyst Quinn Bolton maintained a Buy rating on Smart Global Holdings today and set a price target of $27.00. The company’s shares closed last Friday at $16.92.
According to TipRanks.com, Bolton is a top 100 analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Smart Global Holdings with a $28.38 average price target, which is a 61.1% upside from current levels. In a report issued on April 10, Barclays also maintained a Buy rating on the stock with a $24.00 price target.
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Read More on AAPL:
- EU to approve Apple mobile payments system reform offer, Reuters reports
- Piper Sandler chief investment strategist holds analyst/industry conference call
- Apple (NASDAQ:AAPL) Removes Chat Messaging Apps from Chinese App Store
- Apple ordered to pull WhatsApp, Threads from China app store, NY Times says
- Apple to spend over $250M to expand Singapore hub, WSJ reports
