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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Tipranks - Fri Apr 10, 11:36PM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on SanDisk Corp (SNDK) and Applied Materials (AMAT) with bullish sentiments.

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SanDisk Corp (SNDK)

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on SanDisk Corp yesterday and set a price target of $1000.00. The company’s shares closed last Thursday at $851.57.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 44.7% and a 59.7% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and ARM Holdings PLC ADR. ;'>

Currently, the analyst consensus on SanDisk Corp is a Strong Buy with an average price target of $787.86, which is a -3.6% downside from current levels. In a report issued on March 26, Bank of America Securities also maintained a Buy rating on the stock with a $900.00 price target.

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Applied Materials (AMAT)

Susquehanna analyst Mehdi Hosseini maintained a Buy rating on Applied Materials yesterday and set a price target of $500.00. The company’s shares closed last Thursday at $397.81.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 19.7% and a 61.0% success rate. Hosseini covers the Technology sector, focusing on stocks such as Keysight Technologies, GlobalFoundries Inc, and Western Digital. ;'>

Currently, the analyst consensus on Applied Materials is a Strong Buy with an average price target of $430.15, implying an 11.7% upside from current levels. In a report issued on March 30, Cantor Fitzgerald also maintained a Buy rating on the stock with a $500.00 price target.

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