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Analysts Are Bullish on Top Technology Stocks: Netlist (NLST), Tokyo Electron (TOELF)

Tipranks - Fri Jun 19, 6:07AM CDT

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

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Netlist (NLST)

In a report released today, Sujeeva De Silva from Roth MKM maintained a Buy rating on Netlist, with a price target of $5.00. The company’s shares closed last Wednesday at $2.53.

According to TipRanks.com, Silva is a top 100 analyst with an average return of 58.3% and a 59.5% success rate. Silva covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and indie Semiconductor. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netlist with a $5.00 average price target, representing a 96.1% upside. In a report issued on June 12, TipRanks – PerPlexity also upgraded the stock to Buy with a $3.00 price target.

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Tokyo Electron (TOELF)

In a report released today, Mio Shikanai from J.P. Morgan maintained a Buy rating on Tokyo Electron, with a price target of Yen85000.00. The company’s shares closed last Wednesday at $462.96.

According to TipRanks.com, Shikanai is a 5-star analyst with an average return of 44.6% and a 75.0% success rate. Shikanai covers the Technology sector, focusing on stocks such as Nippon Electric Glass Co, SCREEN Holdings Co, and Advantest. ;'>

Tokyo Electron has an analyst consensus of Strong Buy, with a price target consensus of $407.70, a -13.1% downside from current levels. In a report issued on June 3, Bernstein also maintained a Buy rating on the stock with a Yen59200.00 price target.

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