Analysts Are Bullish on These Technology Stocks: Arista Networks (ANET), Cadence Design (CDNS)
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Arista Networks (ANET – Research Report), Cadence Design (CDNS – Research Report) and Teledyne Technologies (TDY – Research Report) with bullish sentiments.
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Arista Networks (ANET)
Bank of America Securities analyst Tal Liani maintained a Buy rating on Arista Networks today and set a price target of $185.00. The company’s shares closed last Tuesday at $142.58.
According to TipRanks.com, Liani is a 5-star analyst with an average return of
Arista Networks has an analyst consensus of Strong Buy, with a price target consensus of $182.14, representing a 29.5% upside. In a report issued on February 6, Morgan Stanley also maintained a Buy rating on the stock with a $159.00 price target.
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Cadence Design (CDNS)
In a report released today, Kelsey Chia from Citi reiterated a Buy rating on Cadence Design, with a price target of $385.00. The company’s shares closed last Tuesday at $283.46.
According to TipRanks.com, Chia is ranked #1797 out of 12109 analysts.
Cadence Design has an analyst consensus of Strong Buy, with a price target consensus of $368.75, which is a 25.1% upside from current levels. In a report issued on February 3, TipRanks – Google also upgraded the stock to Buy with a $339.00 price target.
Teledyne Technologies (TDY)
In a report released today, Joseph C Giordano from TD Cowen maintained a Buy rating on Teledyne Technologies, with a price target of $750.00. The company’s shares closed last Tuesday at $649.35.
According to TipRanks.com, Giordano is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Teledyne Technologies with a $677.57 average price target, implying a 3.3% upside from current levels. In a report issued on February 3, Bank of America Securities also reiterated a Buy rating on the stock with a $705.00 price target.
