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

Tipranks - Tipranks - Wed Feb 4, 12:34AM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on NXP Semiconductors (NXPI – Research Report) and ServiceNow (NOW – Research Report) with bullish sentiments.

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NXP Semiconductors (NXPI)

In a report released yesterday, Rick Schafer from Oppenheimer maintained a Buy rating on NXP Semiconductors. The company’s shares closed last Monday at $231.08.

According to TipRanks.com, Schafer is a top 25 analyst with an average return of 27.8% and a 73.7% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and Texas Instruments. ;'>

Currently, the analyst consensus on NXP Semiconductors is a Strong Buy with an average price target of $263.18, representing a 17.2% upside. In a report issued on January 23, Wells Fargo also maintained a Buy rating on the stock with a $265.00 price target.

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ServiceNow (NOW)

Goldman Sachs analyst Kash Rangan maintained a Buy rating on ServiceNow yesterday. The company’s shares closed last Monday at $118.00.

According to TipRanks.com, Rangan is a 4-star analyst with an average return of 6.4% and a 52.3% success rate. Rangan covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, Figma, Inc. Class A, and Navan, Inc. Class A. ;'>

Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $192.97, representing a 62.4% upside. In a report issued on January 29, TipRanks – OpenAI also upgraded the stock to Buy with a $146.00 price target.

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