There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cantaloupe (CTLP – Research Report) and Applied Optoelectronics (AAOI – Research Report) with bullish sentiments.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Cantaloupe (CTLP)
In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Cantaloupe, with a price target of $12.00. The company’s shares closed last Wednesday at $9.78, close to its 52-week high of $10.44.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 18.6% and a 52.9% success rate. Latimore covers the Technology sector, focusing on stocks such as Gorilla Technology Group Inc., SoundHound AI, Inc Class A, and Synchronoss Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cantaloupe with a $11.67 average price target.
See Insiders’ Hot Stocks on TipRanks >>
Applied Optoelectronics (AAOI)
In a report released today, Tim Savageaux from Northland Securities reiterated a Buy rating on Applied Optoelectronics, with a price target of $40.00. The company’s shares closed last Wednesday at $33.69.
According to TipRanks.com, Savageaux is a 5-star analyst with an average return of 16.2% and a 58.5% success rate. Savageaux covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Grid Dynamics Holdings, and SatixFy Communications.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Applied Optoelectronics with a $32.67 average price target, which is a -1.2% downside from current levels. In a report issued on December 13, Rosenblatt Securities also maintained a Buy rating on the stock with a $44.00 price target.
Read More on CTLP: