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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Fri Jun 19, 4:14AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Arista Networks (ANET) and Autodesk (ADSK) with bullish sentiments.

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Arista Networks (ANET)

In a report released today, Brandon Nispel from KeyBanc maintained a Buy rating on Arista Networks, with a price target of $200.00. The company’s shares closed last Wednesday at $164.93.

According to TipRanks.com, Nispel is a 4-star analyst with an average return of 4.7% and a 51.9% success rate. Nispel covers the NA sector, focusing on stocks such as Cogent Comms, T Mobile US, and Cable ONE. ;'>

Arista Networks has an analyst consensus of Strong Buy, with a price target consensus of $190.31, representing a 12.0% upside. In a report issued on June 3, William Blair also maintained a Buy rating on the stock.

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Autodesk (ADSK)

Barclays analyst Saket Kalia maintained a Buy rating on Autodesk today and set a price target of $300.00. The company’s shares closed last Wednesday at $193.07.

According to TipRanks.com, Kalia is a 4-star analyst with an average return of 6.2% and a 53.7% success rate. Kalia covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, CrowdStrike Holdings, and Rubrik, Inc. Class A. ;'>

Autodesk has an analyst consensus of Strong Buy, with a price target consensus of $309.93, a 57.7% upside from current levels. In a report issued on June 4, Stifel Nicolaus also maintained a Buy rating on the stock with a $285.00 price target.

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