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Analysts’ Top Technology Picks: Braze (BRZE), Ciena (CIEN)

Tipranks - Wed May 27, 6:36AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Braze (BRZE), Ciena (CIEN) and TE Connectivity (TEL) with bullish sentiments.

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Braze (BRZE)

BTIG analyst Nick Altmann reiterated a Buy rating on Braze today and set a price target of $30.00. The company’s shares closed last Friday at $24.35.

According to TipRanks.com, Altmann is a 2-star analyst with an average return of 0.2% and a 41.7% success rate. Altmann covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Figma, Inc. Class A, and Autodesk. ;'>

Currently, the analyst consensus on Braze is a Strong Buy with an average price target of $35.65, representing a 50.4% upside. In a report issued on May 22, Barclays also maintained a Buy rating on the stock with a $31.00 price target.

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Ciena (CIEN)

In a report released today, Tal Liani from Bank of America Securities reiterated a Buy rating on Ciena, with a price target of $660.00. The company’s shares closed last Friday at $583.74.

According to TipRanks.com, Liani is a 5-star analyst with an average return of 10.6% and a 57.8% success rate. Liani covers the Technology sector, focusing on stocks such as Arista Networks, Cisco Systems, and Check Point. ;'>

Currently, the analyst consensus on Ciena is a Moderate Buy with an average price target of $429.31, a -28.3% downside from current levels. In a report issued on May 15, TD Cowen also maintained a Buy rating on the stock with a $675.00 price target.

TE Connectivity (TEL)

Bank of America Securities analyst Wamsi Mohan maintained a Buy rating on TE Connectivity today and set a price target of $290.00. The company’s shares closed last Friday at $202.78.

According to TipRanks.com, Mohan is a top 100 analyst with an average return of 46.3% and a 65.0% success rate. Mohan covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and DigitalOcean Holdings. ;'>

TE Connectivity has an analyst consensus of Moderate Buy, with a price target consensus of $237.66.

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