There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Uber Technologies (UBER – Research Report) and D-Wave Quantum (QBTS – Research Report) with bullish sentiments.
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Uber Technologies (UBER)
In a report released today, Brian Nowak from Morgan Stanley maintained a Buy rating on Uber Technologies, with a price target of $90.00. The company’s shares closed last Friday at $65.97.
According to TipRanks.com, Nowak is a 5-star analyst with an average return of 6.4% and a 61.5% success rate. Nowak covers the NA sector, focusing on stocks such as Nextdoor Holdings, Alphabet Class A, and Meta Platforms.
Currently, the analyst consensus on Uber Technologies is a Strong Buy with an average price target of $92.19, which is a 42.9% upside from current levels. In a report issued on January 2, Mizuho Securities also maintained a Buy rating on the stock with a $90.00 price target.
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D-Wave Quantum (QBTS)
In a report released yesterday, Sujeeva De Silva from Roth MKM maintained a Buy rating on D-Wave Quantum, with a price target of $7.00. The company’s shares closed last Friday at $5.77.
According to TipRanks.com, Silva is a top 100 analyst with an average return of 27.3% and a 54.6% success rate. Silva covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, indie Semiconductor, and SiTime Corporation.
Currently, the analyst consensus on D-Wave Quantum is a Strong Buy with an average price target of $5.44, representing a -14.2% downside. In a report issued on January 10, Craig-Hallum also assigned a Buy rating to the stock.
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