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Analysts Offer Insights on Technology Companies: Broadcom (AVGO), Sabre (SABR) and Shopify (SHOP)

Tipranks - Tipranks - Fri Apr 17, 3:51AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Broadcom (AVGO), Sabre (SABR) and Shopify (SHOP) with bullish sentiments.

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Broadcom (AVGO)

Wells Fargo analyst Aaron Rakers maintained a Buy rating on Broadcom yesterday and set a price target of $430.00. The company’s shares closed last Wednesday at $396.72.

According to TipRanks.com, Rakers is a top 25 analyst with an average return of 41.2% and a 72.5% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Keysight Technologies. ;'>

Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $465.55, representing a 19.4% upside. In a report issued on April 6, Citi also maintained a Buy rating on the stock with a $475.00 price target.

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Sabre (SABR)

Bank of America Securities analyst Victor Cheng reiterated a Buy rating on Sabre yesterday and set a price target of $2.30. The company’s shares closed last Wednesday at $1.76.

According to TipRanks.com, Cheng is ranked #9867 out of 12196 analysts.

Currently, the analyst consensus on Sabre is a Hold with an average price target of $1.89.

Shopify (SHOP)

Piper Sandler analyst James Callahan CFA reiterated a Buy rating on Shopify yesterday and set a price target of $165.00. The company’s shares closed last Wednesday at $127.41, close to its 52-week high of $129.38.

CFA has an average return of 0.9% when recommending Shopify. ;'>

According to TipRanks.com, CFA is ranked #4208 out of 12196 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shopify with a $164.20 average price target, implying a 37.9% upside from current levels. In a report issued on April 1, CIBC also maintained a Buy rating on the stock with a $185.00 price target.

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