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Analysts Are Bullish on These Technology Stocks: Onto Innovation (ONTO), RingCentral (RNG)

Tipranks - Tipranks - Sat Feb 21, 7:32AM CST

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Onto Innovation (ONTO – Research Report), RingCentral (RNG – Research Report) and Vicor (VICR – Research Report) with bullish sentiments.

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Onto Innovation (ONTO)

Oppenheimer analyst Edward Yang maintained a Buy rating on Onto Innovation today and set a price target of $265.00. The company’s shares closed last Thursday at $225.33, close to its 52-week high of $238.93.

According to TipRanks.com, Yang is a 5-star analyst with an average return of 46.0% and a 75.5% success rate. Yang covers the Technology sector, focusing on stocks such as Qnity Electronics, Inc., Cadence Design, and Ichor Holdings. ;'>

Currently, the analyst consensus on Onto Innovation is a Strong Buy with an average price target of $260.71, a 20.8% upside from current levels. In a report issued on February 16, Cantor Fitzgerald also upgraded the stock to Buy with a $275.00 price target.

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RingCentral (RNG)

Oppenheimer analyst Timothy Horan maintained a Buy rating on RingCentral today and set a price target of $38.00. The company’s shares closed last Thursday at $29.39.

According to TipRanks.com, Horan is a 5-star analyst with an average return of 8.9% and a 58.9% success rate. Horan covers the Technology sector, focusing on stocks such as Extreme Networks, Ondas Holdings, and C3ai. ;'>

RingCentral has an analyst consensus of Moderate Buy, with a price target consensus of $33.93, a 16.6% upside from current levels. In a report released today, Needham also maintained a Buy rating on the stock with a $36.00 price target.

Vicor (VICR)

Roth MKM analyst Justin Clare maintained a Buy rating on Vicor today and set a price target of $175.00. The company’s shares closed last Thursday at $152.84.

According to TipRanks.com, Clare is a 5-star analyst with an average return of 15.7% and a 57.1% success rate. Clare covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, American Superconductor, and Vertiv Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vicor with a $177.50 average price target, representing a 15.2% upside. In a report issued on February 17, Craig-Hallum also maintained a Buy rating on the stock.

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