Wall Street Analysts Are Bullish on Top Technology Picks
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cognex (CGNX – Research Report) and Bitdeer Technologies (BTDR – Research Report) with bullish sentiments.
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Cognex (CGNX)
In a report released today, James Ricchiuti from Needham reiterated a Buy rating on Cognex, with a price target of $67.00. The company’s shares closed last Thursday at $58.06.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of
Currently, the analyst consensus on Cognex is a Moderate Buy with an average price target of $47.86, a -15.3% downside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $54.00 price target.
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Bitdeer Technologies (BTDR)
In a report released today, Mike Colonnese from H.C. Wainwright reiterated a Buy rating on Bitdeer Technologies, with a price target of $25.00. The company’s shares closed last Thursday at $10.53.
According to TipRanks.com, Colonnese is a 5-star analyst with an average return of
Bitdeer Technologies has an analyst consensus of Strong Buy, with a price target consensus of $26.00, an 118.9% upside from current levels. In a report issued on February 6, Needham also maintained a Buy rating on the stock with a $30.00 price target.
