There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on ServiceNow (NOW – Research Report) and Wolfspeed (WOLF – Research Report) with bullish sentiments.
ServiceNow (NOW)
In a report released yesterday, David Hynes from Canaccord Genuity maintained a Buy rating on ServiceNow, with a price target of $835.00. The company’s shares closed last Monday at $721.95.
According to TipRanks.com, Hynes is a 5-star analyst with an average return of
Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $861.44, implying a 19.1% upside from current levels. In a report issued on April 15, UBS also maintained a Buy rating on the stock with a $920.00 price target.
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Wolfspeed (WOLF)
Canaccord Genuity analyst George Gianarikas maintained a Buy rating on Wolfspeed yesterday and set a price target of $50.00. The company’s shares closed last Monday at $23.94, close to its 52-week low of $21.85.
According to TipRanks.com, Gianarikas is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wolfspeed with a $35.78 average price target, representing a 60.1% upside. In a report issued on April 8, Goldman Sachs also maintained a Buy rating on the stock.
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