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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Tipranks - Sat May 9, 2:52AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Infineon Technologies AG (IFNNF), TSS (TSSI) and Akamai (AKAM) with bullish sentiments.

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Infineon Technologies AG (IFNNF)

In a report released today, Tammy Qiu from Berenberg Bank maintained a Buy rating on Infineon Technologies AG, with a price target of EUR70.00. The company’s shares closed last Thursday at $69.00.

Qiu has an average return of 14.2% when recommending Infineon Technologies AG. ;'>

According to TipRanks.com, Qiu is ranked #189 out of 12228 analysts.

Currently, the analyst consensus on Infineon Technologies AG is a Strong Buy with an average price target of $75.36, implying a 4.3% upside from current levels. In a report issued on April 24, TipRanks – xAI also upgraded the stock to Buy with a EUR60.00 price target.

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TSS (TSSI)

Needham analyst Matthew Calitri reiterated a Buy rating on TSS today and set a price target of $16.00. The company’s shares closed last Thursday at $15.84, close to its 52-week high of $18.26.

According to TipRanks.com, Calitri is a 3-star analyst with an average return of 21.7% and a 62.5% success rate. Calitri covers the Technology sector, focusing on stocks such as Penguin Solutions, Cognyte Software, and Allot. ;'>

TSS has an analyst consensus of Moderate Buy, with a price target consensus of $16.00, which is a -4.8% downside from current levels. In a report issued on April 23, TipRanks – xAI also upgraded the stock to Buy with a $18.50 price target.

Akamai (AKAM)

William Blair analyst Jonathan Ho maintained a Buy rating on Akamai today. The company’s shares closed last Thursday at $116.69.

According to TipRanks.com, Ho is a 1-star analyst with an average return of -1.9% and a 43.4% success rate. Ho covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, CrowdStrike Holdings, and Tyler Technologies. ;'>

Akamai has an analyst consensus of Moderate Buy, with a price target consensus of $111.29, representing a -4.2% downside. In a report issued on April 23, Oppenheimer also reiterated a Buy rating on the stock with a $130.00 price target.

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