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Analysts Offer Insights on Technology Companies: Atlassian (TEAM), Analog Devices (ADI) and Applied Digital Corporation (APLD)

Tipranks - Tipranks - Wed Jun 10, 5:32AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Atlassian (TEAM), Analog Devices (ADI) and Applied Digital Corporation (APLD) with bullish sentiments.

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Atlassian (TEAM)

In a report released today, Ryan MacWilliams from Wells Fargo assigned a Buy rating to Atlassian, with a price target of $140.00. The company’s shares closed last Monday at $97.89.

According to TipRanks.com, MacWilliams is a 5-star analyst with an average return of 13.3% and a 57.0% success rate. MacWilliams covers the Technology sector, focusing on stocks such as Zoom Video Communications, Klaviyo, Inc. Class A, and ZoomInfo Technologies. ;'>

Atlassian has an analyst consensus of Strong Buy, with a price target consensus of $131.45, which is a 34.1% upside from current levels. In a report issued on May 31, TipRanks – PerPlexity also upgraded the stock to Buy with a $119.00 price target.

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Analog Devices (ADI)

In a report released today, Joseph Quatrochi from Wells Fargo assigned a Buy rating to Analog Devices, with a price target of $515.00. The company’s shares closed last Monday at $403.89.

According to TipRanks.com, Quatrochi is a 5-star analyst with an average return of 33.6% and a 72.2% success rate. Quatrochi covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Allegro MicroSystems, and NXP Semiconductors. ;'>

Analog Devices has an analyst consensus of Strong Buy, with a price target consensus of $454.33, representing a 9.5% upside. In a report issued on June 1, Bank of America Securities also maintained a Buy rating on the stock.

Applied Digital Corporation (APLD)

In a report released today, John Todaro from Needham reiterated a Buy rating on Applied Digital Corporation, with a price target of $83.00. The company’s shares closed last Monday at $40.95.

According to TipRanks.com, Todaro is a top 100 analyst with an average return of 71.2% and a 67.4% success rate. Todaro covers the Financial sector, focusing on stocks such as Gemini Space Station, Inc. Class A, Coinbase Global, and Riot Platforms. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Applied Digital Corporation with a $65.83 average price target, which is a 59.7% upside from current levels. In a report issued on June 2, Craig-Hallum also maintained a Buy rating on the stock with a $75.00 price target.

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