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Analysts Offer Insights on Technology Companies: Seagate Tech (STX), Cognyte Software (CGNT) and NXP Semiconductors (NXPI)

Tipranks - Thu Jul 30, 7:34AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Seagate Tech (STX), Cognyte Software (CGNT) and NXP Semiconductors (NXPI).

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Seagate Tech (STX)

In a report released yesterday, Mehdi Hosseini from Susquehanna assigned a Hold rating to Seagate Tech, with a price target of $875.00. The company’s shares closed last Tuesday at $747.30.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 25.5% and a 61.6% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and ARM Holdings PLC ADR. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Seagate Tech with a $1122.18 average price target, a 44.8% upside from current levels. In a report released today, UBS also maintained a Hold rating on the stock with a $860.00 price target.

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Cognyte Software (CGNT)

In a report released today, Matthew Calitri from Needham maintained a Hold rating on Cognyte Software. The company’s shares closed last Tuesday at $8.92.

According to TipRanks.com, Calitri is a 4-star analyst with an average return of 26.1% and a 41.7% success rate. Calitri covers the Technology sector, focusing on stocks such as Penguin Solutions, Allot, and Telos. ;'>

Cognyte Software has an analyst consensus of Moderate Buy, with a price target consensus of $11.50, representing a 30.8% upside. In a report issued on July 23, TipRanks – PerPlexity also downgraded the stock to Hold with a $8.50 price target.

NXP Semiconductors (NXPI)

UBS analyst Francois Xavier Bouvignies maintained a Buy rating on NXP Semiconductors yesterday and set a price target of $305.00. The company’s shares closed last Tuesday at $259.12.

Bouvignies has an average return of 17.4% when recommending NXP Semiconductors. ;'>

According to TipRanks.com, Bouvignies is ranked #1022 out of 12404 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NXP Semiconductors with a $305.88 average price target, implying a 16.3% upside from current levels. In a report issued on July 13, TD Cowen also maintained a Buy rating on the stock with a $340.00 price target.

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