There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Xiaomi (XIACF – Research Report), Uber Technologies (UBER – Research Report) and ARM Holdings PLC ADR (ARM – Research Report) with bullish sentiments.
Xiaomi (XIACF)
CMB International Securities analyst Alex NG reiterated a Buy rating on Xiaomi yesterday and set a price target of HK$23.77. The company’s shares closed last Thursday at $2.49.
According to TipRanks.com, NG is a 4-star analyst with an average return of
Xiaomi has an analyst consensus of Strong Buy, with a price target consensus of $2.75, an 11.8% upside from current levels. In a report issued on April 25, Macquarie also maintained a Buy rating on the stock with a HK$31.24 price target.
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Uber Technologies (UBER)
Mizuho Securities analyst James Lee maintained a Buy rating on Uber Technologies on May 8 and set a price target of $90.00. The company’s shares closed last Thursday at $67.93.
According to TipRanks.com, Lee is a 5-star analyst with an average return of
Currently, the analyst consensus on Uber Technologies is a Strong Buy with an average price target of $89.68, which is a 34.2% upside from current levels. In a report released yesterday, D.A. Davidson also maintained a Buy rating on the stock.
ARM Holdings PLC ADR (ARM)
In a report issued on May 8, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on ARM Holdings PLC ADR, with a price target of $160.00. The company’s shares closed last Thursday at $103.59.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of
ARM Holdings PLC ADR has an analyst consensus of Moderate Buy, with a price target consensus of $115.82, representing a 16.7% upside. In a report issued on April 29, Wells Fargo also maintained a Buy rating on the stock with a $115.00 price target.
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Read More on XIACF:
- Tesla to expand FSD system into China, will face strong rivals, Reuters says
- Xiaomi resumed with an Outperform at Macquarie
- Hong Kong Stocks: Xiaomi’s Successful EV Launch Sparks Excitement Among Analysts
- Xiaomi’s (OTC:XIACF) Electric Car Launch Sends Shockwaves Through EV Market
- Tesla Braces for Q1: Sluggish Deliveries Amidst Rising Competition
