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Analysts Offer Insights on Technology Companies: Analog Devices (ADI) and Hewlett Packard Enterprise (HPE)

Tipranks - Tipranks - Tue Jun 2, 10:04AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Analog Devices (ADI) and Hewlett Packard Enterprise (HPE).

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Analog Devices (ADI)

In a report released today, Vivek Arya from Bank of America Securities maintained a Buy rating on Analog Devices. The company’s shares closed last Monday at $403.34.

According to TipRanks.com, Arya is a top 100 analyst with an average return of 29.3% and a 63.8% success rate. Arya covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Analog Devices with a $455.55 average price target, a 12.7% upside from current levels. In a report issued on May 20, TipRanks – Anthropic also upgraded the stock to Buy with a $465.00 price target.

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Hewlett Packard Enterprise (HPE)

In a report released today, Erik Woodring from Morgan Stanley maintained a Hold rating on Hewlett Packard Enterprise, with a price target of $33.00. The company’s shares closed last Monday at $45.50.

According to TipRanks.com, Woodring is a 5-star analyst with an average return of 32.5% and a 60.5% success rate. Woodring covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, International Business Machines, and TD SYNNEX Corporation. ;'>

Currently, the analyst consensus on Hewlett Packard Enterprise is a Moderate Buy with an average price target of $32.50, implying a -26.4% downside from current levels. In a report issued on May 24, TipRanks – PerPlexity also downgraded the stock to Hold with a $41.00 price target.

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