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Analysts Are Bullish on Top Technology Stocks: Hewlett Packard Enterprise (HPE), NetApp (NTAP)

Tipranks - Tue Jun 2, 7:24AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Hewlett Packard Enterprise (HPE), NetApp (NTAP) and Salesforce (CRM) with bullish sentiments.

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Hewlett Packard Enterprise (HPE)

Truist Financial analyst Matthew Niknam maintained a Buy rating on Hewlett Packard Enterprise today. The company’s shares closed last Friday at $43.04.

According to TipRanks.com, Niknam is a 4-star analyst with an average return of 4.6% and a 58.0% success rate. Niknam covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, Keysight Technologies, and Motorola Solutions. ;'>

Hewlett Packard Enterprise has an analyst consensus of Moderate Buy, with a price target consensus of $32.50, representing a -24.0% downside. In a report issued on May 24, TipRanks – Google also reiterated a Buy rating on the stock with a $42.00 price target.

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NetApp (NTAP)

Argus Research analyst Jim Kelleher reiterated a Buy rating on NetApp on May 29 and set a price target of $200.00. The company’s shares closed last Friday at $174.29.

According to TipRanks.com, Kelleher is a top 100 analyst with an average return of 36.7% and a 70.9% success rate. Kelleher covers the Technology sector, focusing on stocks such as Super Micro Computer, Motorola Solutions, and Texas Instruments. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NetApp with a $163.38 average price target, implying a -7.5% downside from current levels. In a report issued on May 15, TipRanks – PerPlexity also upgraded the stock to Buy with a $134.00 price target.

Salesforce (CRM)

In a report issued on May 29, Joseph Bonner from Argus Research maintained a Buy rating on Salesforce, with a price target of $290.00. The company’s shares closed last Friday at $191.10.

According to TipRanks.com, Bonner is a 5-star analyst with an average return of 13.6% and a 65.0% success rate. Bonner covers the Technology sector, focusing on stocks such as Zoom Video Communications, Palantir Technologies, and Gen Digital. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Salesforce with a $247.04 average price target, implying a 37.1% upside from current levels. In a report issued on May 30, TipRanks – Anthropic also upgraded the stock to Buy with a $215.00 price target.

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