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Analysts Offer Insights on Technology Companies: Fermi Inc. (FRMI) and Microsoft (MSFT)

Tipranks - Tue Apr 21, 10:34AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Fermi Inc. (FRMI) and Microsoft (MSFT) with bullish sentiments.

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Fermi Inc. (FRMI)

Evercore ISI analyst Nicholas Amicucci maintained a Buy rating on Fermi Inc. today and set a price target of $20.00. The company’s shares closed last Monday at $5.19, close to its 52-week low of $4.47.

According to TipRanks.com, Amicucci is a 4-star analyst with an average return of 12.4% and a 59.4% success rate. Amicucci covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Consolidated Edison. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fermi Inc. with a $20.20 average price target, a 283.3% upside from current levels. In a report issued on April 9, Cantor Fitzgerald also initiated coverage with a Buy rating on the stock with a $8.00 price target.

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Microsoft (MSFT)

In a report released today, Kirk Materne from Evercore ISI maintained a Buy rating on Microsoft, with a price target of $580.00. The company’s shares closed last Monday at $417.09.

According to TipRanks.com, Materne is a 4-star analyst with an average return of 4.6% and a 51.1% success rate. Materne covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Tyler Technologies, and LiveRamp Holdings. ;'>

Microsoft has an analyst consensus of Strong Buy, with a price target consensus of $571.29, representing a 35.7% upside. In a report issued on April 6, Goldman Sachs also maintained a Buy rating on the stock with a $600.00 price target.

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