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Analysts Are Bullish on Top Technology Stocks: A10 Networks (ATEN), Lumentum Holdings (LITE)

Tipranks - Tipranks - Thu Feb 5, 9:54AM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on A10 Networks (ATEN – Research Report) and Lumentum Holdings (LITE – Research Report) with bullish sentiments.

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A10 Networks (ATEN)

Craig-Hallum analyst Christian Schwab maintained a Buy rating on A10 Networks today. The company’s shares closed last Wednesday at $17.57.

According to TipRanks.com, Schwab is a 5-star analyst with an average return of 17.7% and a 60.6% success rate. Schwab covers the Technology sector, focusing on stocks such as Axcelis Technologies, Ultra Clean Holdings, and Applied Materials. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for A10 Networks with a $22.67 average price target.

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Lumentum Holdings (LITE)

Northland Securities analyst Tim Savageaux maintained a Buy rating on Lumentum Holdings today and set a price target of $600.00. The company’s shares closed last Wednesday at $470.64.

According to TipRanks.com, Savageaux is a 5-star analyst with an average return of 27.7% and a 59.2% success rate. Savageaux covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Viavi Solutions, and Aviat Networks. ;'>

Lumentum Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $508.29, which is a 7.4% upside from current levels. In a report released today, B. Riley Securities also upgraded the stock to Buy with a $526.00 price target.

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