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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Wed Mar 18, 8:38AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Amtech Systems (ASYSResearch Report), Akamai (AKAMResearch Report) and Semtech (SMTCResearch Report) with bullish sentiments.

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Amtech Systems (ASYS)

Roth MKM analyst Craig Irwin maintained a Buy rating on Amtech Systems today and set a price target of $16.00. The company’s shares closed last Monday at $11.65.

According to TipRanks.com, Irwin is a 5-star analyst with an average return of 10.0% and a 44.8% success rate. Irwin covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Flux Power Holdings, and Willdan Group. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Amtech Systems with a $16.00 average price target.

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Akamai (AKAM)

In a report released today, Rudy Kessinger from D.A. Davidson reiterated a Buy rating on Akamai, with a price target of $125.00. The company’s shares closed last Tuesday at $106.38, close to its 52-week high of $110.14.

According to TipRanks.com, Kessinger is a 4-star analyst with an average return of 6.0% and a 47.9% success rate. Kessinger covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Currently, the analyst consensus on Akamai is a Moderate Buy with an average price target of $106.47, implying a 1.0% upside from current levels. In a report issued on March 12, TipRanks – xAI also reiterated a Buy rating on the stock with a $116.00 price target.

Semtech (SMTC)

In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Semtech, with a price target of $91.00. The company’s shares closed last Tuesday at $83.58.

According to TipRanks.com, Richard is a 5-star analyst with an average return of 20.6% and a 57.1% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, SolarEdge Technologies, and Power Integrations. ;'>

Currently, the analyst consensus on Semtech is a Strong Buy with an average price target of $103.85, which is a 16.7% upside from current levels. In a report issued on March 2, TipRanks – PerPlexity also upgraded the stock to Buy with a $102.00 price target.

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