Analysts Are Bullish on Top Technology Stocks: Ambarella (AMBA), Qualcomm (QCOM)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Ambarella (AMBA – Research Report) and Qualcomm (QCOM – Research Report) with bullish sentiments.
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Ambarella (AMBA)
Craig-Hallum analyst Richard Shannon maintained a Buy rating on Ambarella today. The company’s shares closed last Tuesday at $70.04.
According to TipRanks.com, Shannon is a top 100 analyst with an average return of
Currently, the analyst consensus on Ambarella is a Moderate Buy with an average price target of $95.78, representing a 40.6% upside. In a report released today, Stifel Nicolaus also reiterated a Buy rating on the stock with a $100.00 price target.
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Qualcomm (QCOM)
Qualcomm received a Buy rating and a $185.00 price target from Loop Capital Markets analyst Gary Mobley today. The company’s shares closed last Tuesday at $145.16.
According to TipRanks.com, Mobley is ranked #602 out of 12136 analysts.
Qualcomm has an analyst consensus of Moderate Buy, with a price target consensus of $164.67, implying a 15.5% upside from current levels. In a report issued on February 9, DBS also maintained a Buy rating on the stock with a $200.00 price target.
