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Analysts Are Bullish on These Technology Stocks: CoreWeave (CRWV), Cognyte Software (CGNT)

Tipranks - Fri Apr 17, 8:22AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on CoreWeave (CRWV), Cognyte Software (CGNT) and Semtech (SMTC) with bullish sentiments.

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CoreWeave (CRWV)

Northland Securities analyst Nehal Chokshi reiterated a Buy rating on CoreWeave today and set a price target of $165.00. The company’s shares closed last Wednesday at $118.69.

According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 22.6% and a 56.6% success rate. Chokshi covers the Technology sector, focusing on stocks such as Super Micro Computer, SPS Commerce, and Salesforce. ;'>

Currently, the analyst consensus on CoreWeave is a Moderate Buy with an average price target of $124.09, implying a 3.6% upside from current levels. In a report issued on April 13, Bank of America Securities also assigned a Buy rating to the stock with a $120.00 price target.

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Cognyte Software (CGNT)

Lake Street analyst Eric Martinuzzi reiterated a Buy rating on Cognyte Software today and set a price target of $13.00. The company’s shares closed last Wednesday at $9.67.

According to TipRanks.com, Martinuzzi is a 5-star analyst with an average return of 9.9% and a 47.4% 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 Moderate Buy analyst consensus rating for Cognyte Software with a $13.50 average price target, a 38.5% upside from current levels. In a report released yesterday, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $10.50 price target.

Semtech (SMTC)

In a report released today, Craig Ellis from B. Riley Securities maintained a Buy rating on Semtech, with a price target of $122.00. The company’s shares closed last Wednesday at $93.27.

According to TipRanks.com, Ellis is a top 100 analyst with an average return of 36.1% and a 60.1% success rate. Ellis covers the Technology sector, focusing on stocks such as GCT Semiconductor Holding, Axcelis Technologies, and indie Semiconductor. ;'>

Semtech has an analyst consensus of Strong Buy, with a price target consensus of $105.54, a 17.2% upside from current levels. In a report issued on April 14, Benchmark Co. also maintained a Buy rating on the stock with a $120.00 price target.

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