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Analysts Offer Insights on Technology Companies: SolarEdge Technologies (SEDG), Salesforce (CRM) and Harmonic (HLIT)

Tipranks - Tue Feb 24, 4:05AM CST

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on SolarEdge Technologies (SEDGResearch Report), Salesforce (CRMResearch Report) and Harmonic (HLITResearch Report).

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SolarEdge Technologies (SEDG)

William Blair analyst Jed Dorsheimer maintained a Hold rating on SolarEdge Technologies today. The company’s shares closed last Friday at $37.90.

According to TipRanks.com, Dorsheimer is a 5-star analyst with an average return of 27.6% and a 52.2% success rate. Dorsheimer covers the Technology sector, focusing on stocks such as Axcelis Technologies, STMicroelectronics, and Aehr Test Systems. ;'>

SolarEdge Technologies has an analyst consensus of Hold, with a price target consensus of $33.79, implying a -3.6% downside from current levels. In a report issued on February 18, RBC Capital also maintained a Hold rating on the stock with a $32.00 price target.

See the top stocks recommended by analysts >>

Salesforce (CRM)

Jefferies analyst Brent Thill maintained a Buy rating on Salesforce today and set a price target of $250.00. The company’s shares closed last Friday at $185.16.

According to TipRanks.com, Thill is a 4-star analyst with an average return of 4.2% and a 50.5% success rate. Thill covers the Technology sector, focusing on stocks such as International Business Machines, Palantir Technologies, and Procore Technologies. ;'>

Currently, the analyst consensus on Salesforce is a Moderate Buy with an average price target of $308.86, a 66.7% upside from current levels. In a report issued on February 9, TipRanks – PerPlexity also upgraded the stock to Buy with a $222.00 price target.

Harmonic (HLIT)

In a report released today, Tim Long from Barclays maintained a Hold rating on Harmonic, with a price target of $11.00. The company’s shares closed last Friday at $10.90.

According to TipRanks.com, Long is a 5-star analyst with an average return of 15.2% and a 62.5% success rate. Long covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and TD SYNNEX Corporation. ;'>

Currently, the analyst consensus on Harmonic is a Moderate Buy with an average price target of $13.00, implying an 8.3% upside from current levels. In a report issued on February 21, TipRanks – OpenAI also downgraded the stock to Hold with a $11.50 price target.

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