There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Tokyo Electron (TOELF – Research Report) and Autodesk (ADSK – Research Report) with bullish sentiments.
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Tokyo Electron (TOELF)
Bernstein analyst David Dai CFA maintained a Buy rating on Tokyo Electron yesterday and set a price target of Yen34600.00. The company’s shares closed last Friday at $159.98.
According to TipRanks.com, CFA is a 3-star analyst with an average return of 9.4% and a 64.3% success rate. CFA covers the Technology sector, focusing on stocks such as SCREEN Holdings Co, IBIDEN CO, and Lasertec.
Tokyo Electron has an analyst consensus of Strong Buy, with a price target consensus of $209.64, implying a 24.2% upside from current levels. In a report issued on February 7, DBS also maintained a Buy rating on the stock with a Yen31480.00 price target.
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Autodesk (ADSK)
In a report released today, Saket Kalia from Barclays maintained a Buy rating on Autodesk, with a price target of $355.00. The company’s shares closed last Friday at $302.72.
According to TipRanks.com, Kalia is a 5-star analyst with an average return of 14.2% and a 60.4% success rate. Kalia covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Procore Technologies, and CrowdStrike Holdings.
Autodesk has an analyst consensus of Strong Buy, with a price target consensus of $347.11.
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