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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Tipranks - Fri Apr 10, 6:12AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Applied Digital Corporation (APLD) and Tokyo Electron (TOELF) with bullish sentiments.

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Applied Digital Corporation (APLD)

Needham analyst John Todaro reiterated a Buy rating on Applied Digital Corporation today and set a price target of $41.00. The company’s shares closed last Wednesday at $27.79.

According to TipRanks.com, Todaro is a top 100 analyst with an average return of 51.1% and a 54.1% success rate. Todaro covers the Financial sector, focusing on stocks such as Gemini Space Station, Inc. Class A, Coinbase Global, and Riot Platforms. ;'>

Applied Digital Corporation has an analyst consensus of Strong Buy, with a price target consensus of $48.40, implying a 70.2% upside from current levels. In a report issued on April 1, Craig-Hallum also maintained a Buy rating on the stock.

See today’s best-performing stocks on TipRanks >>

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 $281.05.

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 Infineon Technologies AG, Renesas Electronics, and SCREEN Holdings Co. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tokyo Electron with a $318.69 average price target, a 16.8% upside from current levels. In a report issued on April 1, TipRanks – xAI also reiterated a Buy rating on the stock with a Yen42815.00 price target.

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