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Analysts Have Conflicting Sentiments on These Technology Companies: Cadence Design (CDNS), Seagate Tech (STX) and Duolingo (DUOL)

Tipranks - Tipranks - Wed Jul 29, 6:46AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cadence Design (CDNS), Seagate Tech (STX) and Duolingo (DUOL).

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Cadence Design (CDNS)

Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating on Cadence Design today and set a price target of $420.00. The company’s shares closed last Monday at $338.61.

According to TipRanks.com, Abernethy is a 5-star analyst with an average return of 9.3% and a 57.5% success rate. Abernethy covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, CrowdStrike Holdings, and Silvaco Group, Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cadence Design with a $418.54 average price target, representing a 24.4% upside. In a report issued on July 21, Morgan Stanley also maintained a Buy rating on the stock with a $370.00 price target.

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Seagate Tech (STX)

Rosenblatt Securities analyst Kevin Cassidy reiterated a Buy rating on Seagate Tech today and set a price target of $1300.00. The company’s shares closed last Monday at $816.99.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 38.5% and a 59.8% success rate. Cassidy covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Navitas Semiconductor. ;'>

Seagate Tech has an analyst consensus of Strong Buy, with a price target consensus of $1050.00, representing a 22.7% upside. In a report issued on July 13, Citi also maintained a Buy rating on the stock with a $1240.00 price target.

Duolingo (DUOL)

In a report released today, Nat Schindler from Scotiabank maintained a Hold rating on Duolingo, with a price target of $130.00. The company’s shares closed last Monday at $132.82.

According to TipRanks.com, Schindler is a 3-star analyst with an average return of 3.2% and a 44.9% success rate. Schindler covers the NA sector, focusing on stocks such as Fiverr International, Nexxen International, and Alphabet Class C. ;'>

Duolingo has an analyst consensus of Hold, with a price target consensus of $118.36, which is a -5.7% downside from current levels. In a report issued on July 15, Wedbush also initiated coverage with a Hold rating on the stock with a $139.00 price target.

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