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Analysts Are Bullish on Top Technology Stocks: ASML Holding (ASML), Marvell (MRVL)

Tipranks - Fri Apr 24, 8:42AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on ASML Holding (ASML), Marvell (MRVL) and STMicroelectronics (STM) with bullish sentiments.

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ASML Holding (ASML)

In a report released today, Joseph Quatrochi from Wells Fargo maintained a Buy rating on ASML Holding, with a price target of $1750.00. The company’s shares closed last Thursday at $1439.27.

According to TipRanks.com, Quatrochi is a 5-star analyst with an average return of 24.0% and a 71.1% success rate. Quatrochi covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Allegro MicroSystems, and NXP Semiconductors. ;'>

Currently, the analyst consensus on ASML Holding is a Strong Buy with an average price target of $1757.13, implying a 21.7% upside from current levels. In a report issued on April 16, RBC Capital also maintained a Buy rating on the stock with a $1700.00 price target.

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Marvell (MRVL)

In a report released today, Aaron Rakers from Wells Fargo maintained a Buy rating on Marvell, with a price target of $135.00. The company’s shares closed last Thursday at $158.75.

According to TipRanks.com, Rakers is a top 25 analyst with an average return of 43.0% and a 72.9% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Keysight Technologies. ;'>

Marvell has an analyst consensus of Strong Buy, with a price target consensus of $129.09, implying a -17.9% downside from current levels. In a report issued on April 9, Barclays also upgraded the stock to Buy with a $150.00 price target.

STMicroelectronics (STM)

In a report released today, Tristan Gerra from Robert W. Baird maintained a Buy rating on STMicroelectronics, with a price target of $90.00. The company’s shares closed last Thursday at $48.09.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 26.3% and a 58.7% success rate. Gerra covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and GlobalFoundries Inc. ;'>

Currently, the analyst consensus on STMicroelectronics is a Moderate Buy with an average price target of $56.60, implying a 26.2% upside from current levels. In a report issued on April 16, Mizuho Securities also upgraded the stock to Buy with a $48.00 price target.

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