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Analysts’ Top Technology Picks: Applied Materials (AMAT), Cipher Mining (CIFR)

Tipranks - Tipranks - Wed Jun 24, 7:00AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Applied Materials (AMAT) and Cipher Mining (CIFR) with bullish sentiments.

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Applied Materials (AMAT)

In a report released today, Vivek Arya from Bank of America Securities maintained a Buy rating on Applied Materials, with a price target of $720.00. The company’s shares closed last Monday at $640.18.

According to TipRanks.com, Arya is a top 100 analyst with an average return of 32.0% and a 63.8% success rate. Arya covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

Applied Materials has an analyst consensus of Strong Buy, with a price target consensus of $555.63, which is a -11.3% downside from current levels. In a report issued on June 8, Citi also maintained a Buy rating on the stock.

See today’s best-performing stocks on TipRanks >>

Cipher Mining (CIFR)

Bernstein analyst Chad Dillard maintained a Buy rating on Cipher Mining today and set a price target of $32.00. The company’s shares closed last Monday at $28.14.

According to TipRanks.com, Dillard is a 4-star analyst with an average return of 10.1% and a 66.1% success rate. Dillard covers the Industrial Goods sector, focusing on stocks such as Legence Corp. Class A, Jacobs Solutions, and Quanta Services. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cipher Mining with a $30.39 average price target.

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