Analysts Are Bullish on These Technology Stocks: Tokyo Electron (TOELF), Semtech (SMTC)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Tokyo Electron (TOELF – Research Report) and Semtech (SMTC – Research Report) 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 Yen49900.00. The company’s shares closed last Monday at $255.28, close to its 52-week high of $270.05.
According to TipRanks.com, CFA is a 4-star analyst with an average return of
Tokyo Electron has an analyst consensus of Strong Buy, with a price target consensus of $314.98, implying a 23.6% upside from current levels. In a report issued on March 10, Goldman Sachs also maintained a Buy rating on the stock with a Yen52000.00 price target.
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Semtech (SMTC)
In a report released today, Cody Acree from Benchmark Co. reiterated a Buy rating on Semtech, with a price target of $115.00. The company’s shares closed last Monday at $89.00.
According to TipRanks.com, Acree is a top 100 analyst with an average return of
Currently, the analyst consensus on Semtech is a Strong Buy with an average price target of $105.20, implying a 22.3% upside from current levels. In a report issued on March 2, TipRanks – PerPlexity also upgraded the stock to Buy with a $102.00 price target.
