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Analysts’ Opinions Are Mixed on These Technology Stocks: Teledyne Technologies (TDY), International Business Machines (IBM) and ServiceNow (NOW)

Tipranks - Fri Apr 24, 6:34AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Teledyne Technologies (TDY), International Business Machines (IBM) and ServiceNow (NOW).

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Teledyne Technologies (TDY)

Stifel Nicolaus analyst Jonathan Siegmann CFA maintained a Buy rating on Teledyne Technologies today and set a price target of $750.00. The company’s shares closed last Wednesday at $656.69.

According to TipRanks.com, CFA is a 2-star analyst with an average return of 1.0% and a 42.6% success rate. CFA covers the Industrial Goods sector, focusing on stocks such as Bridger Aerospace Group Holdings, Intuitive Machines, and Transdigm Group. ;'>

Currently, the analyst consensus on Teledyne Technologies is a Moderate Buy with an average price target of $708.75, which is a 6.6% upside from current levels. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $750.00 price target.

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International Business Machines (IBM)

In a report released yesterday, Dan Bergstrom from RBC Capital maintained a Buy rating on International Business Machines, with a price target of $330.00. The company’s shares closed last Wednesday at $251.86, close to its 52-week high of $266.45.

According to TipRanks.com, Bergstrom is a 4-star analyst with an average return of 14.6% and a 63.9% success rate. Bergstrom covers the Technology sector, focusing on stocks such as CommVault Systems, Fortinet, and Adobe. ;'>

International Business Machines has an analyst consensus of Moderate Buy, with a price target consensus of $307.75, a 20.9% upside from current levels. In a report issued on April 10, Citi also initiated coverage with a Buy rating on the stock with a $285.00 price target.

ServiceNow (NOW)

Guggenheim analyst John Difucci maintained a Hold rating on ServiceNow today. The company’s shares closed last Wednesday at $103.07.

According to TipRanks.com, Difucci is a 5-star analyst with an average return of 16.3% and a 61.4% success rate. Difucci covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, ARM Holdings PLC ADR, and CrowdStrike Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ServiceNow with a $156.38 average price target, representing a 54.1% upside. In a report issued on April 10, UBS also downgraded the stock to Hold with a $100.00 price target.

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