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Analysts Are Bullish on Top Technology Stocks: Telesat Corp (TSAT), TE Connectivity (TEL)

Tipranks - Tipranks - Wed Apr 22, 7:22AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Telesat Corp (TSAT), TE Connectivity (TEL) and Microchip (MCHP) with bullish sentiments.

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Telesat Corp (TSAT)

ATB Cormark Capital Markets analyst David Mcfadgen reiterated a Buy rating on Telesat Corp today and set a price target of C$99.00. The company’s shares closed last Monday at $53.08.

Mcfadgen has an average return of 59.4% when recommending Telesat Corp. ;'>

According to TipRanks.com, Mcfadgen is ranked #3123 out of 12209 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Telesat Corp with a $54.78 average price target.

See the top stocks recommended by analysts >>

TE Connectivity (TEL)

In a report released today, Christopher Glynn from Oppenheimer reiterated a Buy rating on TE Connectivity, with a price target of $285.00. The company’s shares closed last Monday at $247.66.

According to TipRanks.com, Glynn is a 5-star analyst with an average return of 19.0% and a 66.2% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Applied Industrial Technologies, Emerson Electric Company, and Wesco International. ;'>

TE Connectivity has an analyst consensus of Strong Buy, with a price target consensus of $268.80, an 8.4% upside from current levels. In a report issued on April 8, Citi also maintained a Buy rating on the stock with a $250.00 price target.

Microchip (MCHP)

In a report released today, Kevin Cassidy from Rosenblatt Securities maintained a Buy rating on Microchip, with a price target of $115.00. The company’s shares closed last Monday at $80.39.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 30.0% and a 62.7% success rate. Cassidy covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Navitas Semiconductor. ;'>

Currently, the analyst consensus on Microchip is a Moderate Buy with an average price target of $87.28.

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