Analysts Are Bullish on Top Technology Stocks: Western Digital (WDC), Epam Systems (EPAM)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Western Digital (WDC) and Epam Systems (EPAM) with bullish sentiments.

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Western Digital (WDC)

Wells Fargo analyst Aaron Rakers reiterated a Buy rating on Western Digital today and set a price target of $730.00. The company’s shares closed last Thursday at $578.05.

According to TipRanks.com, Rakers is a top 25 analyst with an average return of 58.2% and a 73.8% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Keysight Technologies. ;'>

Currently, the analyst consensus on Western Digital is a Strong Buy with an average price target of $631.78, a 6.3% upside from current levels. In a report issued on June 29, Melius Research also initiated coverage with a Buy rating on the stock with a $1050.00 price target.

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Epam Systems (EPAM)

Wells Fargo analyst Jason Kupferberg maintained a Buy rating on Epam Systems today and set a price target of $125.00. The company’s shares closed last Thursday at $87.29.

According to TipRanks.com, Kupferberg is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -8.7% and a 44.6% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Jack Henry & Associates, and Fidelity National Info. ;'>

Epam Systems has an analyst consensus of Moderate Buy, with a price target consensus of $133.85, representing a 61.3% upside. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $131.00 price target.

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