Analysts Are Bullish on Top Technology Stocks: Atlassian (TEAM), Adobe (ADBE)
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Atlassian (TEAM), Adobe (ADBE) and Onto Innovation (ONTO) with bullish sentiments.
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Atlassian (TEAM)
Oppenheimer analyst Ittai Kidron maintained a Buy rating on Atlassian today and set a price target of $100.00. The company’s shares closed last Thursday at $68.73.
According to TipRanks.com, Kidron is a 3-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Atlassian with a $141.95 average price target, a 103.4% upside from current levels. In a report issued on April 2, Wells Fargo also maintained a Buy rating on the stock with a $120.00 price target.
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Adobe (ADBE)
In a report released yesterday, Matthew Swanson from RBC Capital maintained a Buy rating on Adobe, with a price target of $350.00. The company’s shares closed last Thursday at $248.16.
According to TipRanks.com, Swanson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
Adobe has an analyst consensus of Hold, with a price target consensus of $314.78.
Onto Innovation (ONTO)
Oppenheimer analyst Edward Yang maintained a Buy rating on Onto Innovation today and set a price target of $350.00. The company’s shares closed last Thursday at $267.15.
According to TipRanks.com, Yang is a 5-star analyst with an average return of
Currently, the analyst consensus on Onto Innovation is a Strong Buy with an average price target of $305.00, a 5.9% upside from current levels. In a report released today, Stifel Nicolaus also upgraded the stock to Buy with a $350.00 price target.
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