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Analysts Offer Insights on Technology Companies: Broadcom (AVGO), Sportradar Group AG (SRAD) and Palantir Technologies (PLTR)

Tipranks - Tipranks - Wed Jan 28, 9:04AM CST

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Broadcom (AVGO – Research Report), Sportradar Group AG (SRAD – Research Report) and Palantir Technologies (PLTR – Research Report) with bullish sentiments.

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Broadcom (AVGO)

In a report released today, Vivek Arya from Bank of America Securities maintained a Buy rating on Broadcom. The company’s shares closed last Tuesday at $330.90.

According to TipRanks.com, Arya is a 5-star analyst with an average return of 21.0% and a 61.9% success rate. Arya covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $459.89, a 39.5% upside from current levels. In a report issued on January 15, Wells Fargo also upgraded the stock to Buy with a $430.00 price target.

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Sportradar Group AG (SRAD)

In a report released today, Ryan Sigdahl from Craig-Hallum maintained a Buy rating on Sportradar Group AG. The company’s shares closed last Tuesday at $17.89.

According to TipRanks.com, Sigdahl is a 4-star analyst with an average return of 9.0% and a 43.6% success rate. Sigdahl covers the NA sector, focusing on stocks such as Rush Street Interactive, Inspired Entertainment, and Sportsman’s Warehouse. ;'>

Currently, the analyst consensus on Sportradar Group AG is a Strong Buy with an average price target of $31.43, representing a 73.2% upside. In a report issued on January 22, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $28.00 price target.

Palantir Technologies (PLTR)

Bank of America Securities analyst Mariana Perez Mora maintained a Buy rating on Palantir Technologies today. The company’s shares closed last Tuesday at $167.58.

According to TipRanks.com, Mora is a 5-star analyst with an average return of 45.6% and a 71.3% success rate. Mora covers the Technology sector, focusing on stocks such as Caci International, Leidos Holdings, and OSI Systems. ;'>

Palantir Technologies has an analyst consensus of Hold, with a price target consensus of $189.94, a 13.4% upside from current levels. In a report issued on January 13, Citi also upgraded the stock to Buy with a $235.00 price target.

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