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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Fri Apr 24, 12:42PM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on STMicroelectronics (STM) and Docebo (DCBO) with bullish sentiments.

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STMicroelectronics (STM)

In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on STMicroelectronics, with a price target of $60.00. The company’s shares closed last Thursday at $50.30.

According to TipRanks.com, Rolland is a top 100 analyst with an average return of 36.4% and a 64.9% success rate. Rolland covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

STMicroelectronics has an analyst consensus of Moderate Buy, with a price target consensus of $59.20, which is a 23.0% upside from current levels. In a report issued on April 16, Mizuho Securities also upgraded the stock to Buy with a $48.00 price target.

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Docebo (DCBO)

CIBC analyst Erin Kyle maintained a Buy rating on Docebo today and set a price target of $28.00. The company’s shares closed last Thursday at $17.46.

Kyle has an average return of 3.2% when recommending Docebo. ;'>

According to TipRanks.com, Kyle is ranked #10343 out of 12212 analysts.

Currently, the analyst consensus on Docebo is a Strong Buy with an average price target of $28.48, a 50.7% upside from current levels. In a report issued on April 21, Craig-Hallum also maintained a Buy rating on the stock.

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