Analysts have been eager to weigh in on the Technology sector with new ratings on Nvidia (NVDA – Research Report), Cisco Systems (CSCO – Research Report) and Dynatrace (DT – Research Report).
Nvidia (NVDA)
In a report released today, Harsh Kumar from Piper Sandler maintained a Buy rating on Nvidia, with a price target of $1050.00. The company’s shares closed last Wednesday at $946.30, close to its 52-week high of $974.00.
According to TipRanks.com, Kumar is a top 25 analyst with an average return of
Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $1021.27, implying a 10.4% upside from current levels. In a report issued on May 14, Wells Fargo also maintained a Buy rating on the stock with a $1150.00 price target.
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Cisco Systems (CSCO)
In a report released today, James Fish from Piper Sandler reiterated a Hold rating on Cisco Systems, with a price target of $52.00. The company’s shares closed last Wednesday at $49.67.
According to TipRanks.com, Fish is a 4-star analyst with an average return of
Cisco Systems has an analyst consensus of Hold, with a price target consensus of $53.56, an 8.9% upside from current levels. In a report issued on May 13, Exane BNP Paribas also upgraded the stock to Hold with a $50.00 price target.
Dynatrace (DT)
RBC Capital analyst Matthew Hedberg maintained a Buy rating on Dynatrace yesterday and set a price target of $60.00. The company’s shares closed last Wednesday at $47.75.
According to TipRanks.com, Hedberg is a 5-star analyst with an average return of
Currently, the analyst consensus on Dynatrace is a Strong Buy with an average price target of $59.40, representing a 20.1% upside. In a report issued on April 30, J.P. Morgan also maintained a Buy rating on the stock with a $55.00 price target.
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Read More on NVDA:
- Thursday Macro & Markets Update – 05.16.24
- ‘It’s Too Late to Buy,’ Says Deutsche Bank About Nvidia Stock
- Cerence ‘tapping NVIDIA’s core expertise’ for in-car user experience
- U.S., E.U. spent nearly $81B towards next-gen semiconductors, Bloomberg says
- Mid-May’s 13-F Filings Offer Key Insights for Investors
