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Analysts Offer Insights on Technology Companies: Marvell (MRVL), SailPoint, Inc. (SAIL) and Autodesk (ADSK)

Tipranks - Fri Mar 20, 7:02AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Marvell (MRVL), SailPoint, Inc. (SAIL) and Autodesk (ADSK) with bullish sentiments.

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Marvell (MRVL)

In a report released today, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on Marvell, with a price target of $120.00. The company’s shares closed last Wednesday at $87.62.

According to TipRanks.com, Svanberg is a 5-star analyst with an average return of 20.2% and a 59.6% success rate. Svanberg covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Silicon Laboratories. ;'>

Currently, the analyst consensus on Marvell is a Strong Buy with an average price target of $122.52, which is a 34.9% upside from current levels. In a report issued on March 6, KGI Securities also upgraded the stock to Buy with a $110.00 price target.

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SailPoint, Inc. (SAIL)

In a report released today, Brian Essex from J.P. Morgan maintained a Buy rating on SailPoint, Inc., with a price target of $22.00. The company’s shares closed last Wednesday at $12.47.

According to TipRanks.com, Essex is a 4-star analyst with an average return of 5.1% and a 49.0% success rate. Essex covers the Technology sector, focusing on stocks such as International Business Machines, CrowdStrike Holdings, and Palo Alto Networks. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SailPoint, Inc. with a $20.59 average price target, implying a 55.3% upside from current levels. In a report issued on March 15, Robert W. Baird also maintained a Buy rating on the stock with a $26.00 price target.

Autodesk (ADSK)

Stifel Nicolaus analyst Adam Borg maintained a Buy rating on Autodesk today and set a price target of $285.00. The company’s shares closed last Wednesday at $248.48.

According to TipRanks.com, Borg is a 4-star analyst with an average return of 10.1% and a 59.3% success rate. Borg covers the Technology sector, focusing on stocks such as Procore Technologies, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Currently, the analyst consensus on Autodesk is a Strong Buy with an average price target of $329.60, implying a 31.7% upside from current levels. In a report issued on March 4, Citi also maintained a Buy rating on the stock with a $331.00 price target.

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