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Analysts Offer Insights on Technology Companies: ASML Holding (ASML), Remitly Global (RELY) and Palo Alto Networks (PANW)

Tipranks - Tipranks - Fri Jun 12, 6:04AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on ASML Holding (ASML), Remitly Global (RELY) and Palo Alto Networks (PANW) with bullish sentiments.

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ASML Holding (ASML)

Bank of America Securities analyst Didier Scemama maintained a Buy rating on ASML Holding yesterday and set a price target of EUR1921.00. The company’s shares closed last Wednesday at $1734.19.

Scemama has an average return of 14.7% when recommending ASML Holding. ;'>

According to TipRanks.com, Scemama is ranked #2392 out of 12286 analysts.

ASML Holding has an analyst consensus of Strong Buy, with a price target consensus of $1915.06, representing a 9.7% upside. In a report issued on June 2, TD Cowen also maintained a Buy rating on the stock.

See the top stocks recommended by analysts >>

Remitly Global (RELY)

Bank of America Securities analyst Aditya Buddhavarapu reiterated a Buy rating on Remitly Global today and set a price target of $27.00. The company’s shares closed last Wednesday at $18.04.

Buddhavarapu has an average return of 32.3% when recommending Remitly Global. ;'>

According to TipRanks.com, Buddhavarapu is ranked #6604 out of 12286 analysts.

Remitly Global has an analyst consensus of Strong Buy, with a price target consensus of $25.25, which is a 37.8% upside from current levels. In a report issued on May 28, TipRanks – Anthropic also upgraded the stock to Buy with a $22.50 price target.

Palo Alto Networks (PANW)

In a report issued on June 9, Gray Powell from BTIG maintained a Buy rating on Palo Alto Networks, with a price target of $333.00. The company’s shares closed last Wednesday at $263.22.

According to TipRanks.com, Powell is a 5-star analyst with an average return of 9.9% and a 56.0% success rate. Powell covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, CrowdStrike Holdings, and Tenable Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palo Alto Networks with a $327.32 average price target, representing a 26.5% upside. In a report issued on June 8, Phillip Securities also initiated coverage with a Buy rating on the stock with a $320.00 price target.

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