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Analysts Are Bullish on Top Technology Stocks: MACOM Technology Solutions Holdings (MTSI), Strategy (MSTR)

Tipranks - Wed May 20, 5:32AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on MACOM Technology Solutions Holdings (MTSI) and Strategy (MSTR) with bullish sentiments.

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MACOM Technology Solutions Holdings (MTSI)

In a report released yesterday, Mark Lipacis from Evercore ISI reiterated a Buy rating on MACOM Technology Solutions Holdings, with a price target of $427.00. The company’s shares closed last Monday at $356.25.

According to TipRanks.com, Lipacis is a top 25 analyst with an average return of 41.0% and a 73.0% success rate. Lipacis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, ARM Holdings PLC ADR, and Allegro MicroSystems. ;'>

MACOM Technology Solutions Holdings has an analyst consensus of Strong Buy, with a price target consensus of $384.38, implying a 0.8% upside from current levels. In a report issued on May 7, Needham also maintained a Buy rating on the stock with a $400.00 price target.

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Strategy (MSTR)

TD Cowen analyst Lance Vitanza maintained a Buy rating on Strategy today and set a price target of $400.00. The company’s shares closed last Monday at $166.63, close to its 52-week low of $101.00.

According to TipRanks.com, Vitanza is a 5-star analyst with an average return of 20.3% and a 47.9% success rate. Vitanza covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Clear Channel Outdoor, and TKO Group Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Strategy with a $324.67 average price target, a 91.9% upside from current levels. In a report issued on May 6, Clear Street also maintained a Buy rating on the stock with a $240.00 price target.

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