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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Thu May 21, 1:32PM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Intuit (INTU), Palantir Technologies (PLTR) and Garmin (GRMN) with bullish sentiments.

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Intuit (INTU)

In a report released today, Arjun Bhatia from William Blair maintained a Buy rating on Intuit. The company’s shares closed last Wednesday at $384.80.

According to TipRanks.com, Bhatia has 0 stars on 0-5 stars ranking scale with an average return of -3.1% and a 39.9% success rate. Bhatia covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Zoom Video Communications, and Klaviyo, Inc. Class A. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intuit with a $580.23 average price target, a 50.9% upside from current levels. In a report issued on May 11, TD Cowen also maintained a Buy rating on the stock with a $576.00 price target.

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Palantir Technologies (PLTR)

In a report released today, John McPeake from Rosenblatt Securities reiterated a Buy rating on Palantir Technologies, with a price target of $225.00. The company’s shares closed last Wednesday at $135.95.

According to TipRanks.com, McPeake is a 3-star analyst with an average return of 7.0% and a 59.4% success rate. McPeake covers the Technology sector, focusing on stocks such as Quantum Computing, Rigetti Computing, and D-Wave Quantum. ;'>

Currently, the analyst consensus on Palantir Technologies is a Moderate Buy with an average price target of $188.31, which is a 40.4% upside from current levels. In a report issued on May 5, TipRanks – xAI also upgraded the stock to Buy with a $161.00 price target.

Garmin (GRMN)

In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Garmin, with a price target of $325.00. The company’s shares closed last Wednesday at $233.35, close to its 52-week high of $246.50.

According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 10.5% and a 57.1% success rate. Feinseth covers the Technology sector, focusing on stocks such as MNTN, Inc Class A, Microsoft, and Qualcomm. ;'>

Garmin has an analyst consensus of Hold, with a price target consensus of $256.40, which is a 12.2% upside from current levels. In a report issued on May 18, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $264.00 price target.

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