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Analysts Offer Insights on Technology Companies: Accenture (ACN), Wix (WIX) and ON Semiconductor (ON)

Tipranks - Tipranks - Wed Aug 5, 9:58AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Accenture (ACN), Wix (WIX) and ON Semiconductor (ON).

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Accenture (ACN)

In a report released yesterday, James Schneider from Goldman Sachs maintained a Buy rating on Accenture, with a price target of $230.00. The company’s shares closed last Tuesday at $163.82.

According to TipRanks.com, Schneider is a 5-star analyst with an average return of 27.8% and a 61.4% success rate. Schneider covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, International Business Machines, and Advanced Micro Devices. ;'>

Accenture has an analyst consensus of Moderate Buy, with a price target consensus of $181.86, which is a 13.2% upside from current levels. In a report issued on July 29, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $179.00 price target.

See today’s best-performing stocks on TipRanks >>

Wix (WIX)

Morgan Stanley analyst Elizabeth Porter maintained a Hold rating on Wix today and set a price target of $60.00. The company’s shares closed last Tuesday at $62.28.

According to TipRanks.com, Porter is ranked 0 out of 5 stars with an average return of -10.0% and a 37.1% success rate. Porter covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, Klaviyo, Inc. Class A, and LiveRamp Holdings. ;'>

Currently, the analyst consensus on Wix is a Moderate Buy with an average price target of $75.83, representing a 34.3% upside. In a report issued on July 21, RBC Capital also maintained a Hold rating on the stock with a $45.00 price target.

ON Semiconductor (ON)

In a report released today, Anthony Stoss from Craig-Hallum maintained a Hold rating on ON Semiconductor. The company’s shares closed last Tuesday at $79.95, close to its 52-week high of $80.08.

According to TipRanks.com, Stoss is a 5-star analyst with an average return of 12.7% and a 50.6% success rate. Stoss covers the Technology sector, focusing on stocks such as indie Semiconductor, Skyworks Solutions, and Digi International. ;'>

ON Semiconductor has an analyst consensus of Moderate Buy, with a price target consensus of $106.95, implying a 26.7% upside from current levels. In a report released today, TipRanks – Google also downgraded the stock to Hold with a $84.00 price target.

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