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Analysts Are Bullish on These Technology Stocks: Salesforce (CRM), Palo Alto Networks (PANW)

Tipranks - Tipranks - Thu May 21, 6:04AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Salesforce (CRM), Palo Alto Networks (PANW) and Lyft (LYFT) with bullish sentiments.

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Salesforce (CRM)

In a report released today, Billy Fitzsimmons from Piper Sandler maintained a Buy rating on Salesforce, with a price target of $215.00. The company’s shares closed last Tuesday at $179.42.

According to TipRanks.com, Fitzsimmons is a 1-star analyst with an average return of -7.0% and a 38.7% success rate. Fitzsimmons covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, ZoomInfo Technologies, and Klaviyo, Inc. Class A. ;'>

Currently, the analyst consensus on Salesforce is a Moderate Buy with an average price target of $255.88, implying a 38.3% upside from current levels. In a report issued on May 15, Stifel Nicolaus also maintained a Buy rating on the stock with a $250.00 price target.

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Palo Alto Networks (PANW)

In a report released today, Adam Borg from Stifel Nicolaus maintained a Buy rating on Palo Alto Networks, with a price target of $275.00. The company’s shares closed last Tuesday at $240.13.

According to TipRanks.com, Borg is a 5-star analyst with an average return of 11.4% and a 61.5% success rate. Borg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Procore Technologies, and Tenable Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palo Alto Networks with a $238.28 average price target, a -3.5% downside from current levels. In a report issued on May 9, TipRanks – DeepSeek also upgraded the stock to Buy with a $222.00 price target.

Lyft (LYFT)

RBC Capital analyst Brad Erickson maintained a Buy rating on Lyft today and set a price target of $18.00. The company’s shares closed last Tuesday at $13.18.

According to TipRanks.com, Erickson is a 4-star analyst with an average return of 7.6% and a 49.6% success rate. Erickson covers the Technology sector, focusing on stocks such as Uber Technologies, GoDaddy, and Wix. ;'>

Lyft has an analyst consensus of Moderate Buy, with a price target consensus of $18.84, a 40.1% upside from current levels. In a report issued on May 8, TipRanks – OpenAI also upgraded the stock to Buy with a $16.00 price target.

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