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Analysts Offer Insights on Technology Companies: NetApp (NTAP), Intuit (INTU) and Coherent Corp (COHR)

Tipranks - Tue Mar 31, 7:44AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on NetApp (NTAP), Intuit (INTU) and Coherent Corp (COHR).

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NetApp (NTAP)

In a report released today, Asiya Merchant from Citi reiterated a Hold rating on NetApp. The company’s shares closed last Friday at $102.34.

According to TipRanks.com, Merchant is a top 25 analyst with an average return of 71.3% and a 74.0% success rate. Merchant covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Dell Technologies. ;'>

NetApp has an analyst consensus of Moderate Buy, with a price target consensus of $116.91.

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Intuit (INTU)

Citi analyst Steve Enders reiterated a Buy rating on Intuit today. The company’s shares closed last Friday at $416.44.

According to TipRanks.com, Enders is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.0% and a 40.8% success rate. Enders covers the Technology sector, focusing on stocks such as Navan, Inc. Class A, Pegasystems, and Monday.com. ;'>

Currently, the analyst consensus on Intuit is a Strong Buy with an average price target of $579.67, representing a 35.9% upside. In a report issued on March 16, TD Cowen also maintained a Buy rating on the stock with a $633.00 price target.

Coherent Corp (COHR)

Rosenblatt Securities analyst Michael Genovese reiterated a Buy rating on Coherent Corp today and set a price target of $375.00. The company’s shares closed last Friday at $243.48.

According to TipRanks.com, Genovese is a 5-star analyst with an average return of 33.6% and a 56.4% success rate. Genovese covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Applied Optoelectronics, and Ribbon Communications. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coherent Corp with a $278.75 average price target, which is a 14.3% upside from current levels. In a report issued on March 16, TipRanks – PerPlexity also upgraded the stock to Buy with a $267.00 price target.

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