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Analysts Are Bullish on Top Technology Stocks: ServiceNow (NOW), NXP Semiconductors (NXPI)

Tipranks - Tipranks - Tue Jul 28, 8:54AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on ServiceNow (NOW), NXP Semiconductors (NXPI) and Amphenol (APH) with bullish sentiments.

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ServiceNow (NOW)

In a report released today, Kirk Materne from Evercore ISI maintained a Buy rating on ServiceNow, with a price target of $160.00. The company’s shares closed last Monday at $101.97.

According to TipRanks.com, Materne is a 4-star analyst with an average return of 5.6% and a 52.9% success rate. Materne covers the Technology sector, focusing on stocks such as Tyler Technologies, EverCommerce, and Salesforce. ;'>

Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $139.80, which is a 41.5% upside from current levels. In a report issued on July 13, Truist Financial also maintained a Buy rating on the stock with a $130.00 price target.

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NXP Semiconductors (NXPI)

In a report released today, Mark Lipacis from Evercore ISI maintained a Buy rating on NXP Semiconductors, with a price target of $320.00. The company’s shares closed last Monday at $275.14.

According to TipRanks.com, Lipacis is a top 25 analyst with an average return of 40.1% and a 70.1% success rate. Lipacis covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NXP Semiconductors with a $311.83 average price target, which is a 15.8% upside from current levels. In a report issued on July 13, TD Cowen also maintained a Buy rating on the stock with a $340.00 price target.

Amphenol (APH)

Evercore ISI analyst Amit Daryanani maintained a Buy rating on Amphenol today and set a price target of $180.00. The company’s shares closed last Monday at $154.14.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 36.0% and a 68.6% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Motorola Solutions. ;'>

Amphenol has an analyst consensus of Strong Buy, with a price target consensus of $192.70, which is a 26.2% upside from current levels. In a report issued on July 19, TipRanks – OpenAI also upgraded the stock to Buy with a $172.00 price target.

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