Analysts Are Bullish on These Technology Stocks: Oracle (ORCL), NXP Semiconductors (NXPI)
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Oracle (ORCL – Research Report), NXP Semiconductors (NXPI – Research Report) and Open Text (OTEX – Research Report) with bullish sentiments.
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Oracle (ORCL)
Scotiabank analyst Patrick Colville reiterated a Buy rating on Oracle today and set a price target of $220.00. The company’s shares closed last Monday at $160.06.
According to TipRanks.com, Colville is a 3-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Oracle with a $297.96 average price target, representing a 74.3% upside. In a report issued on January 20, Guggenheim also maintained a Buy rating on the stock with a $400.00 price target.
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NXP Semiconductors (NXPI)
In a report released today, William Stein from Truist Financial maintained a Buy rating on NXP Semiconductors. The company’s shares closed last Monday at $231.08.
According to TipRanks.com, Stein is a top 25 analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for NXP Semiconductors with a $259.50 average price target, which is a 15.6% upside from current levels. In a report issued on January 23, Wells Fargo also maintained a Buy rating on the stock with a $265.00 price target.
Open Text (OTEX)
In a report released today, Kevin Krishnaratne from Scotiabank maintained a Buy rating on Open Text, with a price target of $50.00. The company’s shares closed last Monday at $24.75.
According to TipRanks.com, Krishnaratne is a 1-star analyst with an average return of
Open Text has an analyst consensus of Hold, with a price target consensus of $37.33, implying a 46.2% upside from current levels. In a report issued on January 19, TipRanks – OpenAI also upgraded the stock to Buy with a C$47.00 price target.
