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 ServiceNow (NOW – Research Report) with bullish sentiments.
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Texas Instruments (TXN)
In a report released yesterday, Mark Lipacis from Evercore ISI maintained a Buy rating on Texas Instruments, with a price target of $284.00. The company’s shares closed last Monday at $150.98.
According to TipRanks.com, Lipacis is a top 100 analyst with an average return of 21.1% and a 59.0% success rate. Lipacis covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and Allegro MicroSystems.
Currently, the analyst consensus on Texas Instruments is a Moderate Buy with an average price target of $206.58, representing a 36.8% upside. In a report issued on April 7, Robert W. Baird also upgraded the stock to Buy with a $175.00 price target.
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ServiceNow (NOW)
Evercore ISI analyst Kirk Materne maintained a Buy rating on ServiceNow yesterday and set a price target of $925.00. The company’s shares closed last Monday at $799.82.
According to TipRanks.com, Materne is a 5-star analyst with an average return of 8.1% and a 53.4% success rate. Materne covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Tyler Technologies, and LiveRamp Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ServiceNow with a $1104.53 average price target, representing a 37.7% upside. In a report issued on April 2, Stifel Nicolaus also maintained a Buy rating on the stock with a $950.00 price target.
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