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Analysts Offer Insights on Technology Companies: Micron (MU), DocuSign (DOCU) and International Business Machines (IBM)

Tipranks - Fri Mar 27, 7:28AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Micron (MU), DocuSign (DOCU) and International Business Machines (IBM).

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Micron (MU)

J.P. Morgan analyst Harlan Sur maintained a Buy rating on Micron yesterday and set a price target of $550.00. The company’s shares closed last Wednesday at $382.09.

According to TipRanks.com, Sur is a top 100 analyst with an average return of 31.0% and a 66.9% success rate. Sur covers the Technology sector, focusing on stocks such as Advanced Micro Devices, ARM Holdings PLC ADR, and GlobalFoundries Inc. ;'>

Currently, the analyst consensus on Micron is a Strong Buy with an average price target of $536.55, representing a 40.1% upside. In a report issued on March 10, Citi also maintained a Buy rating on the stock with a $430.00 price target.

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DocuSign (DOCU)

J.P. Morgan analyst Mark Murphy maintained a Hold rating on DocuSign yesterday and set a price target of $65.00. The company’s shares closed last Wednesday at $46.30.

According to TipRanks.com, Murphy is a 4-star analyst with an average return of 5.6% and a 52.3% success rate. Murphy covers the Technology sector, focusing on stocks such as Onestream, Inc. Class A, ZoomInfo Technologies, and DoubleVerify Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DocuSign with a $63.58 average price target, a 33.9% upside from current levels. In a report issued on March 10, Needham also maintained a Hold rating on the stock.

International Business Machines (IBM)

J.P. Morgan analyst Brian Essex maintained a Hold rating on International Business Machines yesterday and set a price target of $283.00. The company’s shares closed last Wednesday at $241.39.

According to TipRanks.com, Essex is a 4-star analyst with an average return of 5.1% and a 49.0% success rate. Essex covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Tenable Holdings. ;'>

Currently, the analyst consensus on International Business Machines is a Moderate Buy with an average price target of $332.94, which is a 36.7% upside from current levels. In a report issued on March 18, Bernstein also maintained a Hold rating on the stock with a $330.00 price target.

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