Analysts Offer Insights on Technology Companies: Novanta (NOVT), TE Connectivity (TEL) and Maxlinear (MXL)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Novanta (NOVT), TE Connectivity (TEL) and Maxlinear (MXL).
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Novanta (NOVT)
William Blair analyst Brian Drab maintained a Buy rating on Novanta today. The company’s shares closed last Tuesday at $159.19.
According to TipRanks.com, Drab is a 5-star analyst with an average return of
Novanta has an analyst consensus of Moderate Buy, with a price target consensus of $144.00, which is a -4.0% downside from current levels. In a report released yesterday, TipRanks – xAI also upgraded the stock to Buy with a $155.00 price target.
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TE Connectivity (TEL)
In a report released today, Maurice Patrick from Barclays maintained a Hold rating on TE Connectivity, with a price target of NOK160.00. The company’s shares closed last Tuesday at $213.73.
According to TipRanks.com, Patrick is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TE Connectivity with a $263.09 average price target.
Maxlinear (MXL)
In a report issued on May 11, Cody Acree from Benchmark Co. assigned a Buy rating to Maxlinear, with a price target of $28.00. The company’s shares closed last Tuesday at $91.93.
According to TipRanks.com, Acree is a top 100 analyst with an average return of
Maxlinear has an analyst consensus of Moderate Buy, with a price target consensus of $50.40, which is a -48.8% downside from current levels. In a report issued on April 29, Loop Capital Markets also upgraded the stock to Buy with a $75.00 price target.
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