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Analysts Offer Insights on Technology Companies: Intuit (INTU), Micron (MU) and KLA (KLAC)

Tipranks - Mon Jun 22, 9:22PM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Intuit (INTU), Micron (MU) and KLA (KLAC).

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Intuit (INTU)

Intuit received a Hold rating and a $275.00 price target from Stifel Nicolaus analyst Brad Reback yesterday. The company’s shares closed last Thursday at $267.00.

According to TipRanks.com, Reback is a 4-star analyst with an average return of 7.0% and a 48.7% success rate. Reback covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, ServiceNow, and Snowflake. ;'>

Currently, the analyst consensus on Intuit is a Moderate Buy with an average price target of $446.60, implying a 71.1% upside from current levels. In a report issued on June 12, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $303.00 price target.

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Micron (MU)

Stifel Nicolaus analyst Brian Chin maintained a Buy rating on Micron yesterday and set a price target of $1500.00. The company’s shares closed last Thursday at $1133.99.

According to TipRanks.com, Chin is a top 100 analyst with an average return of 56.9% and a 70.7% success rate. Chin covers the Technology sector, focusing on stocks such as Penguin Solutions, Applied Materials, and Onto Innovation. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Micron with a $1202.40 average price target, implying an 8.5% upside from current levels. In a report issued on June 8, Cantor Fitzgerald also maintained a Buy rating on the stock with a $1500.00 price target.

KLA (KLAC)

In a report issued on June 17, Srini Pajjuri from RBC Capital maintained a Hold rating on KLA, with a price target of $170.00. The company’s shares closed last Thursday at $259.56.

According to TipRanks.com, Pajjuri is a top 100 analyst with an average return of 57.6% and a 76.9% success rate. Pajjuri covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and ARM Holdings PLC ADR. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for KLA with a $204.55 average price target, implying a -18.8% downside from current levels. In a report issued on June 9, UBS also assigned a Hold rating to the stock with a $218.00 price target.

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