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Analysts Offer Insights on Technology Companies: Power Integrations (POWI), Micron (MU) and Manhattan Associates (MANH)

Tipranks - Wed Jun 3, 8:12AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Power Integrations (POWI), Micron (MU) and Manhattan Associates (MANH) with bullish sentiments.

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Power Integrations (POWI)

In a report released today, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on Power Integrations, with a price target of $82.00. The company’s shares closed last Monday at $81.91.

According to TipRanks.com, Svanberg is a top 100 analyst with an average return of 41.9% and a 66.8% success rate. Svanberg covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Silicon Laboratories. ;'>

Power Integrations has an analyst consensus of Moderate Buy, with a price target consensus of $68.60, a -17.1% downside from current levels. In a report issued on May 27, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $95.00 price target.

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Micron (MU)

TD Cowen analyst Krish Sankar maintained a Buy rating on Micron today. The company’s shares closed last Monday at $1035.50.

According to TipRanks.com, Sankar is a top 25 analyst with an average return of 60.7% and a 71.3% success rate. Sankar covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Ultra Clean Holdings, and Silvaco Group, Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Micron with a $831.73 average price target, a -17.6% downside from current levels. In a report issued on May 18, Melius Research also maintained a Buy rating on the stock with a $1100.00 price target.

Manhattan Associates (MANH)

In a report released today, J. Parker Lane from Stifel Nicolaus maintained a Buy rating on Manhattan Associates, with a price target of $200.00. The company’s shares closed last Monday at $161.12.

According to TipRanks.com, Lane is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -9.1% and a 33.7% success rate. Lane covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Klaviyo, Inc. Class A, and ZoomInfo Technologies. ;'>

Currently, the analyst consensus on Manhattan Associates is a Strong Buy with an average price target of $184.83, representing a 20.8% upside. In a report issued on May 18, TipRanks – xAI also upgraded the stock to Buy with a $146.00 price target.

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