There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Texas Instruments (TXN – Research Report) and MongoDB (MDB – Research Report) with bullish sentiments.
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Texas Instruments (TXN)
Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Texas Instruments on January 17 and set a price target of $250.00. The company’s shares closed last Friday at $192.42.
According to TipRanks.com, Mosesmann is a top 25 analyst with an average return of 32.4% and a 69.6% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Monolithic Power, and Marvell.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Texas Instruments with a $213.89 average price target.
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MongoDB (MDB)
MongoDB received a Buy rating and a $350.00 price target from Morgan Stanley analyst Sanjit Singh on January 17. The company’s shares closed last Friday at $253.11, close to its 52-week low of $212.74.
According to TipRanks.com, Singh is a 2-star analyst with an average return of 0.6% and a 49.4% success rate. Singh covers the Technology sector, focusing on stocks such as Palantir Technologies, SolarWinds, and Confluent.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MongoDB with a $376.85 average price target, which is a 47.7% upside from current levels. In a report issued on January 6, Guggenheim also upgraded the stock to Buy with a $300.00 price target.
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