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Analysts Offer Insights on Technology Companies: Pure Storage (PSTG), First Solar (FSLR) and Array Technologies (ARRY)

Tipranks - Fri Feb 27, 4:04AM CST

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Pure Storage (PSTGResearch Report), First Solar (FSLRResearch Report) and Array Technologies (ARRYResearch Report).

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Pure Storage (PSTG)

Barclays analyst Tim Long maintained a Hold rating on Pure Storage today and set a price target of $81.00. The company’s shares closed last Wednesday at $73.56, close to its 52-week high of $73.67.

According to TipRanks.com, Long is a 5-star analyst with an average return of 15.3% and a 61.5% success rate. Long covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, TD SYNNEX Corporation, and Keysight Technologies. ;'>

Pure Storage has an analyst consensus of Moderate Buy, with a price target consensus of $93.24, which is a 35.6% upside from current levels. In a report issued on February 18, Morgan Stanley also maintained a Hold rating on the stock with a $83.00 price target.

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First Solar (FSLR)

Barclays analyst Christine Cho CFA maintained a Buy rating on First Solar today and set a price target of $279.00. The company’s shares closed last Wednesday at $210.12.

CFA has an average return of 0.6% when recommending First Solar. ;'>

According to TipRanks.com, CFA is ranked #7308 out of 12136 analysts.

First Solar has an analyst consensus of Moderate Buy, with a price target consensus of $262.19, which is a 32.7% upside from current levels. In a report released yesterday, TipRanks – OpenAI also upgraded the stock to Buy with a $272.00 price target.

Array Technologies (ARRY)

KeyBanc analyst Sophie Karp maintained a Hold rating on Array Technologies today. The company’s shares closed last Wednesday at $11.00.

According to TipRanks.com, Karp is a 4-star analyst with an average return of 4.9% and a 55.3% success rate. Karp covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Pinnacle West Capital, and Consolidated Edison. ;'>

Array Technologies has an analyst consensus of Hold, with a price target consensus of $11.20, a 4.4% upside from current levels. In a report released yesterday, Roth MKM also maintained a Hold rating on the stock with a $9.00 price target.

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