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Analysts Are Bullish on These Technology Stocks: Arrow Electronics (ARW), SanDisk Corp (SNDK)

Tipranks - Tipranks - Fri Jun 5, 7:56AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Arrow Electronics (ARW), SanDisk Corp (SNDK) and Oracle (ORCL) with bullish sentiments.

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Arrow Electronics (ARW)

In a report released today, William Stein from Truist Financial reiterated a Buy rating on Arrow Electronics, with a price target of $260.00. The company’s shares closed last Wednesday at $229.35.

According to TipRanks.com, Stein is a top 25 analyst with an average return of 42.6% and a 78.0% success rate. Stein covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and NXP Semiconductors. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Arrow Electronics with a $219.50 average price target.

See the top stocks recommended by analysts >>

SanDisk Corp (SNDK)

Bernstein analyst Mark Newman maintained a Buy rating on SanDisk Corp yesterday and set a price target of $1700.00. The company’s shares closed last Wednesday at $1831.50.

According to TipRanks.com, Newman is a top 100 analyst with an average return of 120.3% and a 84.0% success rate. Newman covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Super Micro Computer. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SanDisk Corp with a $1716.88 average price target, implying a -1.1% downside from current levels. In a report issued on May 26, Barclays also upgraded the stock to Buy with a $2300.00 price target.

Oracle (ORCL)

In a report released today, Billy Fitzsimmons from Piper Sandler maintained a Buy rating on Oracle, with a price target of $210.00. The company’s shares closed last Wednesday at $230.33.

According to TipRanks.com, Fitzsimmons is a 3-star analyst with an average return of 4.3% and a 52.8% success rate. Fitzsimmons covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, ZoomInfo Technologies, and Klaviyo, Inc. Class A. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Oracle with a $254.70 average price target, representing a 5.9% upside. In a report issued on June 1, J.P. Morgan also initiated coverage with a Buy rating on the stock.

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