There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Silicon Laboratories (SLAB – Research Report) and Amphenol (APH – Research Report) with bullish sentiments.
Silicon Laboratories (SLAB)
Needham analyst Quinn Bolton upgraded Silicon Laboratories to Buy today and set a price target of $150.00. The company’s shares closed last Wednesday at $114.26.
According to TipRanks.com, Bolton is a top 25 analyst with an average return of
Silicon Laboratories has an analyst consensus of Moderate Buy, with a price target consensus of $148.86, representing a 22.0% upside. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $150.00 price target.
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Amphenol (APH)
In a report released yesterday, Wamsi Mohan from Bank of America Securities reiterated a Buy rating on Amphenol, with a price target of $124.00. The company’s shares closed last Wednesday at $116.31, close to its 52-week high of $119.59.
According to TipRanks.com, Mohan 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 Amphenol with a $123.11 average price target, which is a 3.3% upside from current levels. In a report issued on April 11, J.P. Morgan also maintained a Buy rating on the stock with a $125.00 price target.
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