Analysts Offer Insights on Technology Companies: IonQ (IONQ) and Pure Storage (PSTG)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on IonQ (IONQ – Research Report) and Pure Storage (PSTG – Research Report) with bullish sentiments.
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IonQ (IONQ)
Jefferies analyst Kevin Garrigan reiterated a Buy rating on IonQ yesterday and set a price target of $90.00. The company’s shares closed last Wednesday at $33.59.
According to TipRanks.com, Garrigan is ranked #4570 out of 12136 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for IonQ with a $70.25 average price target, an 118.3% upside from current levels. In a report issued on February 24, Craig-Hallum also maintained a Buy rating on the stock.
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Pure Storage (PSTG)
TD Cowen analyst Krish Sankar maintained a Buy rating on Pure Storage yesterday and set a price target of $100.00. The company’s shares closed last Wednesday at $73.56, close to its 52-week high of $73.67.
According to TipRanks.com, Sankar is a top 100 analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pure Storage with a $93.00 average price target, representing a 35.3% upside. In a report issued on February 11, Guggenheim also maintained a Buy rating on the stock with a $105.00 price target.
