Analysts Are Bullish on Top Technology Stocks: Shoals Technologies Group (SHLS), Lumentum Holdings (LITE)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Shoals Technologies Group (SHLS – Research Report) and Lumentum Holdings (LITE – Research Report) with bullish sentiments.
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Shoals Technologies Group (SHLS)
In a report released today, Dimple Gosai from Bank of America Securities maintained a Buy rating on Shoals Technologies Group, with a price target of $11.00. The company’s shares closed last Wednesday at $9.05.
According to TipRanks.com, Gosai has 0 stars on 0-5 stars ranking scale with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shoals Technologies Group with a $11.04 average price target, representing a 19.1% upside. In a report issued on January 15, TipRanks – Google also upgraded the stock to Buy with a $10.50 price target.
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Lumentum Holdings (LITE)
Stifel Nicolaus analyst Ruben Roy maintained a Buy rating on Lumentum Holdings yesterday and set a price target of $400.00. The company’s shares closed last Wednesday at $362.44.
According to TipRanks.com, Roy is a top 25 analyst with an average return of
Currently, the analyst consensus on Lumentum Holdings is a Moderate Buy with an average price target of $329.36, representing a -11.8% downside. In a report issued on January 17, TipRanks – Google also upgraded the stock to Buy with a $378.00 price target.
