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Analysts Have Conflicting Sentiments on These Technology Companies: Intchains Group Ltd. ADR (ICG) and Fortinet (FTNT)

Tipranks - Tipranks - Thu Mar 12, 12:34PM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Intchains Group Ltd. ADR (ICG – Research Report) and Fortinet (FTNT – Research Report).

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Intchains Group Ltd. ADR (ICG)

Benchmark Co. analyst Mark Palmer reiterated a Buy rating on Intchains Group Ltd. ADR yesterday and set a price target of $3.00. The company’s shares closed last Wednesday at $1.27.

According to TipRanks.com, Palmer is a 2-star analyst with an average return of 0.7% and a 39.5% success rate. Palmer covers the Technology sector, focusing on stocks such as Pagaya Technologies Ltd, Bitdeer Technologies, and Shift4 Payments. ;'>

Intchains Group Ltd. ADR has an analyst consensus of Moderate Buy, with a price target consensus of $3.00, which is a 137.2% upside from current levels. In a report issued on March 2, Maxim Group also maintained a Buy rating on the stock with a $3.00 price target.

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Fortinet (FTNT)

Robert W. Baird analyst Shrenik Kothari maintained a Hold rating on Fortinet today and set a price target of $90.00. The company’s shares closed last Wednesday at $82.84.

According to TipRanks.com, Kothari is a 5-star analyst with an average return of 15.0% and a 58.6% success rate. Kothari covers the Technology sector, focusing on stocks such as Interlink Electronics, CrowdStrike Holdings, and Rubrik, Inc. Class A. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Fortinet with a $87.70 average price target, representing a 4.0% upside. In a report released today, Barclays also maintained a Hold rating on the stock with a $88.00 price target.

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