Analysts Are Bullish on These Technology Stocks: GlobalFoundries Inc (GFS), IonQ (IONQ)
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on GlobalFoundries Inc (GFS), IonQ (IONQ) and Skyworks Solutions (SWKS) with bullish sentiments.
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GlobalFoundries Inc (GFS)
TD Cowen analyst Krish Sankar maintained a Buy rating on GlobalFoundries Inc yesterday and set a price target of $85.00. The company’s shares closed last Tuesday at $74.04.
According to TipRanks.com, Sankar is a top 25 analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GlobalFoundries Inc with a $58.18 average price target, representing a -16.9% downside. In a report issued on April 21, TipRanks – PerPlexity also upgraded the stock to Buy with a $66.00 price target.
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IonQ (IONQ)
In a report released yesterday, Richard Shannon from Craig-Hallum maintained a Buy rating on IonQ. The company’s shares closed last Tuesday at $48.00, close to its 52-week high of $54.74.
According to TipRanks.com, Shannon is a top 25 analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for IonQ with a $62.73 average price target, implying a 34.6% upside from current levels. In a report issued on April 20, Northland Securities also initiated coverage with a Buy rating on the stock with a $55.00 price target.
Skyworks Solutions (SWKS)
In a report released yesterday, Anthony Stoss from Craig-Hallum maintained a Buy rating on Skyworks Solutions. The company’s shares closed last Tuesday at $72.56.
According to TipRanks.com, Stoss is a 5-star analyst with an average return of
Skyworks Solutions has an analyst consensus of Hold, with a price target consensus of $68.00, implying a -1.4% downside from current levels. In a report issued on April 22, Barclays also upgraded the stock to Buy with a $70.00 price target.
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