Analysts Are Bullish on These Technology Stocks: Penguin Solutions (PENG), Lumentum Holdings (LITE)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Penguin Solutions (PENG) and Lumentum Holdings (LITE) with bullish sentiments.
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Penguin Solutions (PENG)
Goldman Sachs analyst Katherine Murphy maintained a Buy rating on Penguin Solutions yesterday and set a price target of $25.00. The company’s shares closed last Monday at $24.38.
According to TipRanks.com, Murphy is a 3-star analyst with an average return of
Currently, the analyst consensus on Penguin Solutions is a Strong Buy with an average price target of $26.20, implying a 14.6% upside from current levels. In a report issued on April 2, TipRanks – PerPlexity also upgraded the stock to Buy with a $20.50 price target.
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Lumentum Holdings (LITE)
J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on Lumentum Holdings yesterday and set a price target of $950.00. The company’s shares closed last Monday at $871.18.
According to TipRanks.com, Chatterjee is a top 25 analyst with an average return of
Lumentum Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $717.07, a -19.3% downside from current levels. In a report issued on April 4, TipRanks – PerPlexity also upgraded the stock to Buy with a $922.00 price target.
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- Penguin Solutions price target raised to $27 from $25 at Needham
- Penguin Solutions price target raised to $32 from $30 at Rosenblatt
