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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Tipranks - Thu Aug 13, 4:56AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Super Micro Computer (SMCI) and Unusual Machines Inc. (UMAC) with bullish sentiments.

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Super Micro Computer (SMCI)

Needham analyst Quinn Bolton reiterated a Buy rating on Super Micro Computer today and set a price target of $46.00. The company’s shares closed last Tuesday at $31.60, close to its 52-week low of $17.25.

According to TipRanks.com, Bolton is a top 25 analyst with an average return of 53.7% and a 65.7% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Horizon Quantum Holdings. ;'>

Currently, the analyst consensus on Super Micro Computer is a Hold with an average price target of $38.78, a 21.1% upside from current levels. In a report issued on July 29, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $34.00 price target.

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Unusual Machines Inc. (UMAC)

Unusual Machines Inc. received a Buy rating and a $38.00 price target from Piper Sandler analyst Clarke Jeffries today. The company’s shares closed last Tuesday at $25.97.

According to TipRanks.com, Jeffries is a 1-star analyst with an average return of -0.4% and a 47.0% success rate. Jeffries covers the Technology sector, focusing on stocks such as Lightpath Technologies, Palantir Technologies, and Procore Technologies. ;'>

Unusual Machines Inc. has an analyst consensus of Strong Buy, with a price target consensus of $38.00, which is a 38.6% upside from current levels. In a report issued on August 7, Maxim Group also maintained a Buy rating on the stock with a $30.00 price target.

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