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Analysts’ Top Technology Picks: Coherent Corp (COHR), Cloudflare (NET)

Tipranks - Thu Aug 13, 9:12PM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Coherent Corp (COHR), Cloudflare (NET) and Caci International (CACI) with bullish sentiments.

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Coherent Corp (COHR)

Jefferies analyst Blayne Curtis maintained a Buy rating on Coherent Corp yesterday and set a price target of $420.00. The company’s shares closed last Wednesday at $355.64.

According to TipRanks.com, Curtis is a top 100 analyst with an average return of 38.1% and a 68.2% success rate. Curtis covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Navitas Semiconductor. ;'>

Coherent Corp has an analyst consensus of Strong Buy, with a price target consensus of $418.33, a 16.8% upside from current levels. In a report issued on July 29, TipRanks – PerPlexity also upgraded the stock to Buy with a $320.00 price target.

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Cloudflare (NET)

In a report issued on August 11, Adam Borg from Stifel Nicolaus maintained a Buy rating on Cloudflare, with a price target of $370.00. The company’s shares closed last Wednesday at $311.45.

According to TipRanks.com, Borg is a 5-star analyst with an average return of 19.2% and a 68.8% success rate. Borg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Procore Technologies, and Palo Alto Networks. ;'>

Currently, the analyst consensus on Cloudflare is a Moderate Buy with an average price target of $342.69, a 10.9% upside from current levels. In a report issued on July 31, TipRanks – PerPlexity also upgraded the stock to Buy with a $322.00 price target.

Caci International (CACI)

In a report issued on August 11, Jonathan Siegmann CFA from Stifel Nicolaus maintained a Buy rating on Caci International, with a price target of $892.00. The company’s shares closed last Wednesday at $680.08.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 6.3% and a 59.0% success rate. CFA covers the Industrial Goods sector, focusing on stocks such as Bridger Aerospace Group Holdings, Intuitive Machines, and Transdigm Group. ;'>

Caci International has an analyst consensus of Strong Buy, with a price target consensus of $722.70, implying a 9.8% upside from current levels. In a report issued on August 6, TipRanks – OpenAI also upgraded the stock to Buy with a $580.00 price target.

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