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Analysts Are Bullish on These Technology Stocks: Synopsys (SNPS), AppFolio (APPF)

Tipranks - Tipranks - Fri Jan 23, 2:08AM CST

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Synopsys (SNPS – Research Report), AppFolio (APPF – Research Report) and KLA (KLAC – Research Report) with bullish sentiments.

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Synopsys (SNPS)

In a report released yesterday, Siti Panigrahi from Mizuho Securities reiterated a Buy rating on Synopsys. The company’s shares closed last Wednesday at $521.95.

According to TipRanks.com, Panigrahi is a 1-star analyst with an average return of 0.0% and a 48.3% success rate. Panigrahi covers the Technology sector, focusing on stocks such as Zoom Video Communications, Onestream, Inc. Class A, and Klaviyo, Inc. Class A. ;'>

Synopsys has an analyst consensus of Strong Buy, with a price target consensus of $554.00, an 8.7% upside from current levels. In a report issued on January 13, TipRanks – Google also upgraded the stock to Buy with a $578.00 price target.

See the top stocks recommended by analysts >>

AppFolio (APPF)

In a report released today, Jason Celino from KeyBanc maintained a Buy rating on AppFolio. The company’s shares closed last Wednesday at $217.81.

According to TipRanks.com, Celino is a 4-star analyst with an average return of 4.5% and a 52.1% success rate. Celino covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Procore Technologies, and Dayforce Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for AppFolio with a $316.40 average price target, representing a 49.7% upside. In a report issued on January 16, TipRanks – DeepSeek also upgraded the stock to Buy with a $237.00 price target.

KLA (KLAC)

J.P. Morgan analyst Harlan Sur maintained a Buy rating on KLA yesterday. The company’s shares closed last Wednesday at $1520.00.

According to TipRanks.com, Sur is a top 100 analyst with an average return of 30.3% and a 68.2% success rate. Sur covers the Technology sector, focusing on stocks such as Advanced Micro Devices, ARM Holdings PLC ADR, and GlobalFoundries Inc. ;'>

KLA has an analyst consensus of Strong Buy, with a price target consensus of $1558.05, implying a 3.4% upside from current levels. In a report issued on January 13, Bernstein also initiated coverage with a Buy rating on the stock with a $1700.00 price target.

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