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Analysts Offer Insights on Technology Companies: Tokyo Electron (OtherTOELF), SanDisk Corp (SNDK) and Snowflake (SNOW)

Tipranks - Tipranks - Fri Mar 27, 5:36AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Tokyo Electron (TOELF), SanDisk Corp (SNDK) and Snowflake (SNOW) with bullish sentiments.

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Tokyo Electron (TOELF)

In a report released today, David Dai CFA from Bernstein maintained a Buy rating on Tokyo Electron, with a price target of Yen56800.00. The company’s shares closed last Wednesday at $261.28, close to its 52-week high of $270.05.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 14.4% and a 71.9% success rate. CFA covers the Technology sector, focusing on stocks such as Renesas Electronics, SCREEN Holdings Co, and ASML Holding. ;'>

Currently, the analyst consensus on Tokyo Electron is a Strong Buy with an average price target of $318.81, which is a 28.6% upside from current levels. In a report issued on March 16, J.P. Morgan also maintained a Buy rating on the stock with a Yen51000.00 price target.

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SanDisk Corp (SNDK)

In a report released today, Wamsi Mohan from Bank of America Securities reiterated a Buy rating on SanDisk Corp, with a price target of $900.00. The company’s shares closed last Wednesday at $677.86.

According to TipRanks.com, Mohan is a top 100 analyst with an average return of 29.4% and a 61.8% success rate. Mohan covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and DigitalOcean Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SanDisk Corp with a $700.00 average price target, representing a 7.5% upside. In a report issued on March 19, Citi also reiterated a Buy rating on the stock with a $875.00 price target.

Snowflake (SNOW)

Morgan Stanley analyst Sanjit Singh maintained a Buy rating on Snowflake today and set a price target of $245.00. The company’s shares closed last Wednesday at $160.61.

According to TipRanks.com, Singh is a 2-star analyst with an average return of 0.7% and a 46.6% success rate. Singh covers the Technology sector, focusing on stocks such as Palantir Technologies, Dynatrace, and PagerDuty. ;'>

Snowflake has an analyst consensus of Strong Buy, with a price target consensus of $238.55, which is a 44.3% upside from current levels. In a report issued on March 18, Bank of America Securities also maintained a Buy rating on the stock with a $275.00 price target.

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