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Analysts Are Bullish on These Technology Stocks: Salesforce (CRM), Infineon Technologies AG (IFNNF)

Tipranks - Tipranks - Wed Jul 1, 6:46AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Salesforce (CRM), Infineon Technologies AG (IFNNF) and Arrow Electronics (ARW) with bullish sentiments.

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Salesforce (CRM)

In a report released today, Billy Fitzsimmons from Piper Sandler maintained a Buy rating on Salesforce, with a price target of $215.00. The company’s shares closed last Monday at $157.93.

According to TipRanks.com, Fitzsimmons is a 1-star analyst with an average return of -6.6% and a 30.0% success rate. Fitzsimmons covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, ZoomInfo Technologies, and Klaviyo, Inc. Class A. ;'>

Salesforce has an analyst consensus of Strong Buy, with a price target consensus of $248.97, which is a 55.3% upside from current levels. In a report issued on June 18, Bank of America Securities also initiated coverage with a Buy rating on the stock.

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Infineon Technologies AG (IFNNF)

Morgan Stanley analyst Lee Simpson maintained a Buy rating on Infineon Technologies AG today and set a price target of EUR91.00. The company’s shares closed last Monday at $89.93.

According to TipRanks.com, Simpson is a 4-star analyst with an average return of 14.5% and a 62.7% success rate. Simpson covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Cadence Design, and Synopsys. ;'>

Infineon Technologies AG has an analyst consensus of Strong Buy, with a price target consensus of $92.92, a 6.3% upside from current levels. In a report issued on June 22, Bernstein also maintained a Buy rating on the stock with a EUR102.00 price target.

Arrow Electronics (ARW)

Truist Financial analyst William Stein maintained a Buy rating on Arrow Electronics today and set a price target of $260.00. The company’s shares closed last Monday at $214.93.

According to TipRanks.com, Stein is a top 25 analyst with an average return of 41.0% and a 77.3% success rate. Stein covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and NXP Semiconductors. ;'>

Currently, the analyst consensus on Arrow Electronics is a Hold with an average price target of $219.50.

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