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Analysts Conflicted on These Technology Names: Fortive (FTV), TE Connectivity (TEL) and ServiceNow (NOW)

Analysts have been eager to weigh in on the Technology sector with new ratings on Fortive (FTVResearch Report), TE Connectivity (TELResearch Report) and ServiceNow (NOWResearch Report).

Fortive (FTV)

In a report released today, Jamie Cook from Truist Financial reiterated a Buy rating on Fortive, with a price target of $96.00. The company’s shares closed last Wednesday at $76.05.

According to TipRanks.com, Cook is a 5-star analyst with an average return of 12.6% and a 63.5% success rate. Cook covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, Jacobs Solutions, and Aecom Technology.

Fortive has an analyst consensus of Moderate Buy, with a price target consensus of $90.17.

See the top stocks recommended by analysts >>

TE Connectivity (TEL)

In a report released today, William Stein from Truist Financial maintained a Hold rating on TE Connectivity. The company’s shares closed last Wednesday at $140.00.

According to TipRanks.com, Stein is a top 25 analyst with an average return of 27.9% and a 74.9% success rate. Stein covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Texas Instruments.

TE Connectivity has an analyst consensus of Moderate Buy, with a price target consensus of $161.50, a 13.8% upside from current levels. In a report issued on April 11, J.P. Morgan also maintained a Hold rating on the stock with a $170.00 price target.

ServiceNow (NOW)

Bank of America Securities analyst Bradley Sills reiterated a Buy rating on ServiceNow today and set a price target of $900.00. The company’s shares closed last Wednesday at $746.29.

According to TipRanks.com, Sills is a 4-star analyst with an average return of 4.2% and a 49.5% success rate. Sills covers the Technology sector, focusing on stocks such as AvidXchange Holdings, Bill.com Holdings, and Salesforce.

ServiceNow has an analyst consensus of Strong Buy, with a price target consensus of $881.90, representing a 17.0% upside. In a report issued on April 23, China Renaissance also initiated coverage with a Buy rating on the stock with a $946.00 price target.

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