There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on TSMC (TSM – Research Report) and Cellebrite DI (CLBT – Research Report) with bullish sentiments.
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TSMC (TSM)
Bernstein analyst Mark Li maintained a Buy rating on TSMC today and set a price target of $251.00. The company’s shares closed last Friday at $177.10.
Li has an average return of 25.0% when recommending TSMC.
According to TipRanks.com, Li is ranked #654 out of 9417 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for TSMC with a $245.00 average price target, which is a 39.4% upside from current levels. In a report issued on February 27, Bank of America Securities also maintained a Buy rating on the stock with a $265.00 price target.
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Cellebrite DI (CLBT)
In a report released today, Mike Cikos from Needham maintained a Buy rating on Cellebrite DI, with a price target of $28.00. The company’s shares closed last Friday at $17.57.
According to TipRanks.com, Cikos is a 4-star analyst with an average return of 8.6% and a 49.1% success rate. Cikos covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, CrowdStrike Holdings, and Cognyte Software.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cellebrite DI with a $27.83 average price target.
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