Wall Street Analysts Are Bullish on Top Technology Picks
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Blue Owl Technology Finance Corp. (OTF – Research Report), Dropbox (DBX – Research Report) and Synopsys (SNPS – Research Report) with bullish sentiments.
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Blue Owl Technology Finance Corp. (OTF)
In a report released today, Finian O’Shea from Wells Fargo maintained a Buy rating on Blue Owl Technology Finance Corp., with a price target of $13.00. The company’s shares closed last Thursday at $12.31, close to its 52-week low of $11.73.
According to TipRanks.com, O’Shea is a 4-star analyst with an average return of
Currently, the analyst consensus on Blue Owl Technology Finance Corp. is a Moderate Buy with an average price target of $14.80, a 18.1% upside from current levels. In a report released yesterday, Truist Financial also maintained a Buy rating on the stock.
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Dropbox (DBX)
RBC Capital analyst Rishi Jaluria maintained a Buy rating on Dropbox yesterday and set a price target of $30.00. The company’s shares closed last Thursday at $24.73.
According to TipRanks.com, Jaluria is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
Dropbox has an analyst consensus of Hold, with a price target consensus of $29.67.
Synopsys (SNPS)
Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating on Synopsys today and set a price target of $560.00. The company’s shares closed last Thursday at $442.44, close to its 52-week low of $425.73.
According to TipRanks.com, Abernethy is a 4-star analyst with an average return of
Currently, the analyst consensus on Synopsys is a Strong Buy with an average price target of $554.00, a 26.4% upside from current levels. In a report issued on February 10, Bank of America Securities also reiterated a Buy rating on the stock with a $560.00 price target.
