There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Infineon Technologies AG (IFNNF – Research Report), ServiceNow (NOW – Research Report) and Varonis Systems (VRNS – Research Report) with bullish sentiments.
Infineon Technologies AG (IFNNF)
UBS analyst Francois Xavier Bouvignies maintained a Buy rating on Infineon Technologies AG today and set a price target of EUR46.00. The company’s shares closed last Monday at $34.40.
According to TipRanks.com, Bouvignies is ranked #895 out of 8815 analysts.
Currently, the analyst consensus on Infineon Technologies AG is a Strong Buy with an average price target of $47.42, which is a 37.8% upside from current levels. In a report issued on April 23, Berenberg Bank also maintained a Buy rating on the stock with a EUR45.00 price target.
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ServiceNow (NOW)
In a report released today, Rob Owens from Piper Sandler assigned a Buy rating to ServiceNow, with a price target of $830.00. The company’s shares closed last Monday at $726.56.
According to TipRanks.com, Owens is a top 100 analyst with an average return of
Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $867.72, a 20.5% upside from current levels. 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.
Varonis Systems (VRNS)
Truist Financial analyst Joel Fishbein reiterated a Buy rating on Varonis Systems today. The company’s shares closed last Monday at $44.59.
According to TipRanks.com, Fishbein is a 5-star analyst with an average return of
Varonis Systems has an analyst consensus of Moderate Buy, with a price target consensus of $51.20, representing a 17.2% upside. In a report released today, Barclays also maintained a Buy rating on the stock with a $53.00 price target.
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Read More on IFNNF:
- Berenberg says ‘time to revisit’ shares of Infineon and STM
- Infineon, Amkor enter multi-year partnership, strengthen European supply chain
- Infineon upgraded to Overweight from Equal Weight at Morgan Stanley
- Infineon price target lowered to EUR 38 from EUR 45 at Barclays
- China asks EV makers to purchase local chips, Bloomberg reports
