Analysts Offer Insights on Technology Companies: Climb Global Solutions (CLMB), Cognex (CGNX) and Adobe (ADBE)

Analysts have been eager to weigh in on the Technology sector with new ratings on Climb Global Solutions (CLMB – Research Report), Cognex (CGNX – Research Report) and Adobe (ADBE – Research Report).

Climb Global Solutions (CLMB)

Barrington analyst Vincent Colicchio maintained a Buy rating on Climb Global Solutions today and set a price target of $68.00. The company’s shares closed last Friday at $58.84.

According to TipRanks.com, Colicchio is a 5-star analyst with an average return of 9.0% and a 54.4% success rate. Colicchio covers the Technology sector, focusing on stocks such as Information Services Group, TD SYNNEX Corporation, and Insight Enterprises.

Climb Global Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $68.00.

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Cognex (CGNX)

In a report released today, Matt Summerville from D.A. Davidson reiterated a Hold rating on Cognex, with a price target of $41.00. The company’s shares closed last Friday at $43.79.

According to TipRanks.com, Summerville is a 4-star analyst with an average return of 8.1% and a 52.8% success rate. Summerville covers the Industrial Goods sector, focusing on stocks such as Napco Security Technologies, Franklin Electric Co, and Alta Equipment Group.

Cognex has an analyst consensus of Moderate Buy, with a price target consensus of $45.67, representing a 2.9% upside. In a report issued on May 3, Robert W. Baird also maintained a Hold rating on the stock with a $44.00 price target.

Adobe (ADBE)

D.A. Davidson analyst Gil Luria reiterated a Buy rating on Adobe today and set a price target of $685.00. The company’s shares closed last Friday at $486.18.

According to TipRanks.com, Luria is a 5-star analyst with an average return of 13.4% and a 54.9% success rate. Luria covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, ZoomInfo Technologies, and Procore Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adobe with a $624.83 average price target, representing a 29.6% upside. In a report issued on April 26, Wells Fargo also maintained a Buy rating on the stock with a $675.00 price target.

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Read More on CLMB:

• CLMB Upcoming Earnings Report: What to Expect?
• Climb Channel Solutions launches partnership with Automox
• Climb Global Solutions Sets First Quarter 2024 Conference Call for May 2, 2024 at 8:30 a.m. ET
• Climb Global Solutions Announces 2024 Stockholders Meeting
• Climb Channel Solutions announce expansion of OMNIA Partners/NCPA, GSA contract