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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Tipranks - Fri May 22, 1:32AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Analog Devices (ADI) and Dave (DAVE) with bullish sentiments.

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Analog Devices (ADI)

In a report released today, John Vinh from KeyBanc maintained a Buy rating on Analog Devices, with a price target of $500.00. The company’s shares closed last Wednesday at $398.05.

According to TipRanks.com, Vinh is a top 100 analyst with an average return of 29.8% and a 64.1% success rate. Vinh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and ARM Holdings PLC ADR. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Analog Devices with a $447.43 average price target, implying a 14.7% upside from current levels. In a report released yesterday, TipRanks – Anthropic also upgraded the stock to Buy with a $465.00 price target.

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

Dave (DAVE)

Barrington analyst Gary Prestopino maintained a Buy rating on Dave yesterday and set a price target of $290.00. The company’s shares closed last Wednesday at $243.80.

According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 8.2% and a 50.5% success rate. Prestopino covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Methode Electronics, and DHI Group. ;'>

Dave has an analyst consensus of Strong Buy, with a price target consensus of $317.43, representing a 30.6% upside. In a report issued on May 6, Citizens JMP also maintained a Buy rating on the stock with a $365.00 price target.

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