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Analysts Offer Insights on Technology Companies: Western Digital (WDC), Remitly Global (RELY) and Duolingo (DUOL)

Tipranks - Tipranks - Thu Aug 6, 8:22PM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Western Digital (WDC), Remitly Global (RELY) and Duolingo (DUOL) with bullish sentiments.

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Western Digital (WDC)

Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Western Digital yesterday and set a price target of $590.00. The company’s shares closed last Wednesday at $519.17.

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 74.3% and a 69.0% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems. ;'>

Currently, the analyst consensus on Western Digital is a Strong Buy with an average price target of $704.13, a 29.2% upside from current levels. In a report issued on July 21, J.P. Morgan also maintained a Buy rating on the stock with a $715.00 price target.

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Remitly Global (RELY)

William Blair analyst Christopher Kennedy maintained a Buy rating on Remitly Global today. The company’s shares closed last Wednesday at $24.07.

According to TipRanks.com, Kennedy is a 4-star analyst with an average return of 6.0% and a 55.0% success rate. Kennedy covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Euronet Worldwide. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Remitly Global with a $29.43 average price target, which is a 18.8% upside from current levels. In a report issued on July 25, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $25.00 price target.

Duolingo (DUOL)

William Blair analyst Ralph Schackart maintained a Buy rating on Duolingo today. The company’s shares closed last Wednesday at $135.32.

According to TipRanks.com, Schackart is a 4-star analyst with an average return of 11.2% and a 56.3% success rate. Schackart covers the NA sector, focusing on stocks such as NerdWallet, Inc. Class A, Liftoff Mobile, Inc., and Alphabet Class C. ;'>

Duolingo has an analyst consensus of Hold, with a price target consensus of $117.38, which is a -15.1% downside from current levels. In a report issued on July 25, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $147.00 price target.

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