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Analysts’ Top Technology Picks: Benchmark Electronics (BHE), Adobe (ADBE)

Tipranks - Tipranks - Tue Jun 16, 9:58AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Benchmark Electronics (BHE) and Adobe (ADBE) with bullish sentiments.

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Benchmark Electronics (BHE)

In a report released today, Max Michaelis from Lake Street maintained a Buy rating on Benchmark Electronics, with a price target of $92.00. The company’s shares closed last Monday at $90.76.

According to TipRanks.com, Michaelis is a 5-star analyst with an average return of 61.6% and a 64.9% success rate. Michaelis covers the Technology sector, focusing on stocks such as Aehr Test Systems, Palladyne AI Corp, and Quantum Computing. ;'>

Benchmark Electronics has an analyst consensus of Moderate Buy, with a price target consensus of $86.00, which is a -6.4% downside from current levels. In a report issued on June 9, TipRanks – PerPlexity also upgraded the stock to Buy with a $98.00 price target.

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Adobe (ADBE)

CMB International Securities analyst Saiyi He maintained a Buy rating on Adobe on June 12 and set a price target of $300.00. The company’s shares closed last Monday at $209.84.

According to TipRanks.com, He is a 4-star analyst with an average return of 4.5% and a 43.4% success rate. He covers the NA sector, focusing on stocks such as Tencent Music Entertainment Group, Kanzhun Ltd Sponsored, and Tencent Holdings. ;'>

Currently, the analyst consensus on Adobe is a Hold with an average price target of $256.85, which is a 24.2% upside from current levels. In a report issued on June 1, J.P. Morgan also initiated coverage with a Buy rating on the stock with a $420.00 price target.

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