There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Western Digital (WDC – Research Report), SAP AG (SAP – Research Report) and Celestica (CLS – Research Report) with bullish sentiments.
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Western Digital (WDC)
In a report released today, Thomas O’Malley from Barclays maintained a Buy rating on Western Digital, with a price target of $80.00. The company’s shares closed last Wednesday at $62.80.
According to TipRanks.com, O’Malley is a 4-star analyst with an average return of 9.9% and a 48.2% success rate. O’Malley covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices.
Currently, the analyst consensus on Western Digital is a Strong Buy with an average price target of $85.15, which is a 33.6% upside from current levels. In a report issued on January 16, Wells Fargo also maintained a Buy rating on the stock with a $85.00 price target.
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SAP AG (SAP)
Barclays analyst Raimo Lenschow maintained a Buy rating on SAP AG today and set a price target of $286.00. The company’s shares closed last Wednesday at $276.83, close to its 52-week high of $279.14.
According to TipRanks.com, Lenschow is a 4-star analyst with an average return of 6.2% and a 54.6% success rate. Lenschow covers the Technology sector, focusing on stocks such as The Descartes Systems Group, DigitalOcean Holdings, and DoubleVerify Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SAP AG with a $298.97 average price target, representing a 7.3% upside. In a report issued on January 17, TD Cowen also upgraded the stock to Buy with a $305.00 price target.
Celestica (CLS)
Barclays analyst George Wang CFA maintained a Buy rating on Celestica today and set a price target of $91.00. The company’s shares closed last Wednesday at $100.49.
According to TipRanks.com, CFA is a 4-star analyst with an average return of 13.6% and a 64.7% success rate. CFA covers the Technology sector, focusing on stocks such as TD SYNNEX Corporation, Super Micro Computer, and Corsair Gaming.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Celestica with a $108.00 average price target, implying a 9.9% upside from current levels. In a report issued on January 23, RBC Capital also maintained a Buy rating on the stock with a $115.00 price target.
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