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Analysts’ Opinions Are Mixed on These Technology Stocks: Qualcomm (QCOM), Adobe (ADBE) and Fair Isaac (FICO)

Tipranks - Sat Jun 13, 5:32AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Qualcomm (QCOM), Adobe (ADBE) and Fair Isaac (FICO).

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Qualcomm (QCOM)

Wells Fargo analyst Aaron Rakers maintained a Hold rating on Qualcomm today and set a price target of $230.00. The company’s shares closed last Thursday at $202.96.

According to TipRanks.com, Rakers is a top 25 analyst with an average return of 56.9% and a 73.0% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Keysight Technologies. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Qualcomm with a $184.92 average price target, which is a -3.1% downside from current levels. In a report issued on June 4, Evercore ISI also maintained a Hold rating on the stock with a $179.00 price target.

See today’s best-performing stocks on TipRanks >>

Adobe (ADBE)

In a report released today, Karl Keirstead from UBS assigned a Hold rating to Adobe, with a price target of $225.00. The company’s shares closed last Thursday at $218.80.

According to TipRanks.com, Keirstead is a 5-star analyst with an average return of 13.6% and a 61.7% success rate. Keirstead covers the Technology sector, focusing on stocks such as Palantir Technologies, ServiceNow, and Salesforce. ;'>

Currently, the analyst consensus on Adobe is a Hold with an average price target of $291.32, representing a 26.7% upside. In a report released yesterday, Stifel Nicolaus also downgraded the stock to Hold with a $200.00 price target.

Fair Isaac (FICO)

In a report released today, Jason Haas CFA from Wells Fargo maintained a Buy rating on Fair Isaac, with a price target of $1400.00. The company’s shares closed last Thursday at $1185.37, close to its 52-week low of $1105.65.

According to TipRanks.com, CFA is ranked #1944 out of 12296 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fair Isaac with a $1612.93 average price target, representing a 33.9% upside. In a report issued on May 28, TipRanks – OpenAI also upgraded the stock to Buy with a $1398.00 price target.

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