Analysts’ Top Technology Picks: Block (XYZ), D-Wave Quantum (QBTS)
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Block (XYZ – Research Report), D-Wave Quantum (QBTS – Research Report) and Extreme Networks (EXTR – Research Report) with bullish sentiments.
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Block (XYZ)
Jefferies analyst Trevor Williams maintained a Buy rating on Block today and set a price target of $75.00. The company’s shares closed last Wednesday at $64.63.
According to TipRanks.com, Williams is ranked #9027 out of 12040 analysts.
Block has an analyst consensus of Strong Buy, with a price target consensus of $86.31, which is a 33.6% upside from current levels. In a report issued on January 13, TipRanks – Anthropic also upgraded the stock to Buy with a $78.00 price target.
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D-Wave Quantum (QBTS)
Rosenblatt Securities analyst John McPeake reiterated a Buy rating on D-Wave Quantum today and set a price target of $43.00. The company’s shares closed last Wednesday at $25.04.
According to TipRanks.com, McPeake is a 3-star analyst with an average return of
Currently, the analyst consensus on D-Wave Quantum is a Strong Buy with an average price target of $40.18, a 62.7% upside from current levels. In a report issued on January 21, Evercore ISI also maintained a Buy rating on the stock with a $44.00 price target.
Extreme Networks (EXTR)
Lake Street analyst Eric Martinuzzi maintained a Buy rating on Extreme Networks today and set a price target of $24.00. The company’s shares closed last Wednesday at $15.35.
According to TipRanks.com, Martinuzzi is a 5-star analyst with an average return of
Currently, the analyst consensus on Extreme Networks is a Strong Buy with an average price target of $24.71, which is a 68.1% upside from current levels. In a report released yesterday, Craig-Hallum also maintained a Buy rating on the stock.
