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Analysts Offer Insights on Technology Companies: Flex (FLEX), Alkami Technology (ALKT) and Axcelis Technologies (ACLS)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Flex (FLEXResearch Report), Alkami Technology (ALKTResearch Report) and Axcelis Technologies (ACLSResearch Report) with bullish sentiments.

Flex (FLEX)

In a report released yesterday, Samik Chatterjee from J.P. Morgan maintained a Buy rating on Flex, with a price target of $34.00. The company’s shares closed last Wednesday at $26.34.

According to TipRanks.com, Chatterjee is a 5-star analyst with an average return of 9.9% and a 53.3% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Keysight Technologies, Super Micro Computer, and Lumentum Holdings.

Currently, the analyst consensus on Flex is a Strong Buy with an average price target of $32.67, which is a 21.2% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock.

See today’s best-performing stocks on TipRanks >>

Alkami Technology (ALKT)

Needham analyst Mayank Tandon reiterated a Buy rating on Alkami Technology today and set a price target of $32.00. The company’s shares closed last Wednesday at $24.40, close to its 52-week high of $26.75.

According to TipRanks.com, Tandon is a 4-star analyst with an average return of 3.7% and a 43.1% success rate. Tandon covers the Technology sector, focusing on stocks such as International Money Express, SS&C Technologies Holdings, and Grid Dynamics Holdings.

Currently, the analyst consensus on Alkami Technology is a Strong Buy with an average price target of $30.00, a 24.1% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $30.00 price target.

Axcelis Technologies (ACLS)

In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Axcelis Technologies, with a price target of $180.00. The company’s shares closed last Wednesday at $101.70, close to its 52-week low of $93.77.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 20.0% and a 55.6% success rate. Miller covers the Technology sector, focusing on stocks such as MKS Instruments, Onto Innovation, and Western Digital.

Currently, the analyst consensus on Axcelis Technologies is a Moderate Buy with an average price target of $158.33.

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