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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Tipranks - Thu Jun 11, 6:52AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on ServiceNow (NOW), Webull Corporation (BULL) and Western Digital (WDC) with bullish sentiments.

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ServiceNow (NOW)

In a report released today, Brian Schwartz from Oppenheimer reiterated a Buy rating on ServiceNow, with a price target of $130.00. The company’s shares closed last Tuesday at $106.97.

According to TipRanks.com, Schwartz is a 4-star analyst with an average return of 4.4% and a 44.8% success rate. Schwartz covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, Figma, Inc. Class A, and EverCommerce. ;'>

Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $140.84, which is a 27.7% upside from current levels. In a report issued on June 1, J.P. Morgan also initiated coverage with a Buy rating on the stock.

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Webull Corporation (BULL)

Rosenblatt Securities analyst Chris Brendler reiterated a Buy rating on Webull Corporation today and set a price target of $12.00. The company’s shares closed last Tuesday at $5.50.

According to TipRanks.com, Brendler is a 5-star analyst with an average return of 30.5% and a 52.0% success rate. Brendler covers the Financial sector, focusing on stocks such as Gemini Space Station, Inc. Class A, Miami International Holdings, Inc., and HIVE Digital Technologies. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Webull Corporation with a $13.00 average price target, implying a 129.7% upside from current levels. In a report released today, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $6.00 price target.

Western Digital (WDC)

In a report released yesterday, Mark Newman from Bernstein maintained a Buy rating on Western Digital, with a price target of $590.00. The company’s shares closed last Tuesday at $517.72.

According to TipRanks.com, Newman is a top 100 analyst with an average return of 98.8% and a 81.1% success rate. Newman covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Infineon Technologies AG. ;'>

Western Digital has an analyst consensus of Strong Buy, with a price target consensus of $548.31, implying a 2.4% upside from current levels. In a report issued on May 26, Evercore ISI also maintained a Buy rating on the stock with a $575.00 price target.

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