Analysts Are Bullish on Top Technology Stocks: Vicor (VICR), Cadence Design (CDNS)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Vicor (VICR) and Cadence Design (CDNS) with bullish sentiments.
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Vicor (VICR)
Craig-Hallum analyst Richard Shannon maintained a Buy rating on Vicor today. The company’s shares closed last Friday at $213.12.
According to TipRanks.com, Shannon is a top 25 analyst with an average return of
Vicor has an analyst consensus of Strong Buy, with a price target consensus of $202.50, which is a -3.0% downside from current levels. In a report issued on April 2, TipRanks – xAI also reiterated a Buy rating on the stock with a $184.00 price target.
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Cadence Design (CDNS)
Morgan Stanley analyst Lee Simpson maintained a Buy rating on Cadence Design today and set a price target of $306.96. The company’s shares closed last Friday at $314.73, close to its 52-week high of $328.99.
According to TipRanks.com, Simpson is a 3-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cadence Design with a $363.83 average price target, implying a 15.0% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $405.00 price target.
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