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Analysts Are Bullish on Top Technology Stocks: ARM Holdings PLC ADR (ARM), Cellebrite DI (CLBT)

Tipranks - Tipranks - Thu Apr 16, 8:06AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on ARM Holdings PLC ADR (ARM), Cellebrite DI (CLBT) and Ceragon Networks (CRNT) with bullish sentiments.

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ARM Holdings PLC ADR (ARM)

Rosenblatt Securities analyst Kevin Cassidy maintained a Buy rating on ARM Holdings PLC ADR today and set a price target of $175.00. The company’s shares closed last Tuesday at $161.22.

According to TipRanks.com, Cassidy is a 5-star analyst with an average return of 27.3% and a 60.2% success rate. Cassidy covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Navitas Semiconductor. ;'>

Currently, the analyst consensus on ARM Holdings PLC ADR is a Strong Buy with an average price target of $179.67, an 11.6% upside from current levels. In a report issued on April 1, Wells Fargo also maintained a Buy rating on the stock with a $175.00 price target.

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Cellebrite DI (CLBT)

Lake Street analyst Eric Martinuzzi reiterated a Buy rating on Cellebrite DI today and set a price target of $21.00. The company’s shares closed last Tuesday at $11.86, close to its 52-week low of $10.25.

According to TipRanks.com, Martinuzzi is a 4-star analyst with an average return of 7.9% and a 45.8% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as SoundThinking Inc, Extreme Networks, and One Stop Systems. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cellebrite DI with a $20.67 average price target, a 72.4% upside from current levels. In a report issued on April 1, Craig-Hallum also maintained a Buy rating on the stock.

Ceragon Networks (CRNT)

Lake Street analyst Tyler Burmeister reiterated a Buy rating on Ceragon Networks today and set a price target of $3.50. The company’s shares closed last Tuesday at $2.46, close to its 52-week low of $2.33.

Burmeister has an average return of 10.1% when recommending Ceragon Networks. ;'>

According to TipRanks.com, Burmeister is ranked #6069 out of 12179 analysts.

Ceragon Networks has an analyst consensus of Strong Buy, with a price target consensus of $3.31.

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