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Analysts Offer Insights on Technology Companies: Western Digital (WDC), FTC Solar (FTCI) and Shopify (SHOP)

Tipranks - Tipranks - Fri Aug 7, 5:10AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Western Digital (WDC), FTC Solar (FTCI) and Shopify (SHOP) with bullish sentiments.

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Western Digital (WDC)

In a report released yesterday, Krish Sankar from TD Cowen maintained a Buy rating on Western Digital, with a price target of $540.00. The company’s shares closed last Wednesday at $519.17.

According to TipRanks.com, Sankar is a top 25 analyst with an average return of 57.5% and a 69.3% success rate. Sankar covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Ultra Clean Holdings, and Silvaco Group, Inc. ;'>

Western Digital has an analyst consensus of Moderate Buy, with a price target consensus of $690.12, representing a 26.6% upside. In a report issued on July 21, J.P. Morgan also maintained a Buy rating on the stock with a $715.00 price target.

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FTC Solar (FTCI)

In a report released yesterday, Jeff Osborne from TD Cowen maintained a Buy rating on FTC Solar, with a price target of $5.00. The company’s shares closed last Wednesday at $2.95.

According to TipRanks.com, Osborne is a 3-star analyst with an average return of 1.9% and a 46.0% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Eos Energy Enterprises, Ballard Power Systems, and Landis+Gyr Group AG. ;'>

Currently, the analyst consensus on FTC Solar is a Moderate Buy with an average price target of $7.50.

Shopify (SHOP)

Needham analyst Scott Berg maintained a Buy rating on Shopify yesterday and set a price target of $180.00. The company’s shares closed last Wednesday at $144.24.

According to TipRanks.com, Berg has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -3.4% and a 44.6% success rate. Berg covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Klaviyo, Inc. Class A, and Bill.com Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shopify with a $159.68 average price target, representing a 6.5% upside. In a report issued on July 21, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $192.00 price target.

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