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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Wed Apr 22, 4:42AM CDT

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

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Navan, Inc. Class A (NAVN)

TD Cowen analyst Jared Levine maintained a Buy rating on Navan, Inc. Class A today and set a price target of $19.00. The company’s shares closed last Monday at $15.35.

According to TipRanks.com, Levine has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -14.3% and a 27.5% success rate. Levine covers the Technology sector, focusing on stocks such as Paylocity, Intuit, and Paycom. ;'>

Currently, the analyst consensus on Navan, Inc. Class A is a Strong Buy with an average price target of $18.75, which is a 30.8% upside from current levels. In a report issued on April 7, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $17.00 price target.

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Fermi Inc. (FRMI)

Stifel Nicolaus analyst Stephen Gengaro maintained a Buy rating on Fermi Inc. yesterday and set a price target of $29.00. The company’s shares closed last Monday at $5.40, close to its 52-week low of $4.47.

According to TipRanks.com, Gengaro is a 5-star analyst with an average return of 24.0% and a 58.0% success rate. Gengaro covers the NA sector, focusing on stocks such as Solaris Energy Infrastructure, Oil States International, and Atlas Energy Solutions. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fermi Inc. with a $21.67 average price target, a 311.2% 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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