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Analysts’ Top Technology Picks: TTM Technologies (TTMI), Cloudflare (NET)

Tipranks - Tipranks - Fri Jun 12, 6:36AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on TTM Technologies (TTMI), Cloudflare (NET) and Lumentum Holdings (LITE) with bullish sentiments.

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TTM Technologies (TTMI)

Truist Financial analyst William Stein reiterated a Buy rating on TTM Technologies today and set a price target of $215.00. The company’s shares closed last Wednesday at $172.12.

According to TipRanks.com, Stein is a top 25 analyst with an average return of 39.8% and a 76.4% success rate. Stein covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and NXP Semiconductors. ;'>

TTM Technologies has an analyst consensus of Strong Buy, with a price target consensus of $209.00, representing a 20.7% upside. In a report issued on May 27, TipRanks – OpenAI also upgraded the stock to Buy with a $209.00 price target.

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Cloudflare (NET)

In a report released today, Junaid Siddiqui from Truist Financial reiterated a Buy rating on Cloudflare, with a price target of $250.00. The company’s shares closed last Wednesday at $219.67.

According to TipRanks.com, Siddiqui is a 5-star analyst with an average return of 19.8% and a 67.3% success rate. Siddiqui covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, CrowdStrike Holdings, and Palo Alto Networks. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $245.81 average price target, representing a 5.3% upside. In a report issued on May 30, TipRanks – PerPlexity also upgraded the stock to Buy with a $270.00 price target.

Lumentum Holdings (LITE)

In a report released today, Samik Chatterjee from J.P. Morgan reiterated a Buy rating on Lumentum Holdings. The company’s shares closed last Wednesday at $853.26.

According to TipRanks.com, Chatterjee is a top 25 analyst with an average return of 51.3% and a 73.3% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, Hewlett Packard Enterprise, and Keysight Technologies. ;'>

Lumentum Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $1077.67, representing a 29.3% upside. In a report issued on June 4, TipRanks – OpenAI also upgraded the stock to Buy with a $1142.00 price target.

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