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Analysts Offer Insights on Technology Companies: Cognex (CGNX), Paysafe (PSFE) and Tower (TSEM)

Tipranks - Tipranks - Fri May 15, 6:52AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Cognex (CGNX), Paysafe (PSFE) and Tower (TSEM).

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Cognex (CGNX)

D.A. Davidson analyst Matt Summerville maintained a Hold rating on Cognex yesterday and set a price target of $62.00. The company’s shares closed last Wednesday at $63.64.

According to TipRanks.com, Summerville is a 5-star analyst with an average return of 17.9% and a 55.2% success rate. Summerville covers the Industrial Goods sector, focusing on stocks such as Napco Security Technologies, A. O. Smith Corporation, and Franklin Electric Co. ;'>

Currently, the analyst consensus on Cognex is a Moderate Buy with an average price target of $71.75, implying an 8.4% upside from current levels. In a report issued on May 8, Truist Financial also maintained a Hold rating on the stock with a $61.00 price target.

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Paysafe (PSFE)

In a report released yesterday, James Friedman from Susquehanna maintained a Hold rating on Paysafe, with a price target of $10.00. The company’s shares closed last Wednesday at $9.34.

According to TipRanks.com, Friedman is a 1-star analyst with an average return of -0.1% and a 49.4% success rate. Friedman covers the Technology sector, focusing on stocks such as Kaspi.kz JSC Sponsored ADR RegS, Fidelity National Info, and Pagseguro Digital. ;'>

Currently, the analyst consensus on Paysafe is a Hold with an average price target of $9.44, which is a -4.6% downside from current levels. In a report issued on April 28, TipRanks – PerPlexity also upgraded the stock to Hold with a $9.00 price target.

Tower (TSEM)

In a report released today, Mehdi Hosseini from Susquehanna maintained a Buy rating on Tower, with a price target of $330.00. The company’s shares closed last Wednesday at $270.77.

According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 28.4% and a 62.8% success rate. Hosseini covers the Technology sector, focusing on stocks such as Keysight Technologies, ARM Holdings PLC ADR, and GlobalFoundries Inc. ;'>

Currently, the analyst consensus on Tower is a Strong Buy with an average price target of $213.65, which is a -15.9% downside from current levels. In a report released yesterday, TipRanks – DeepSeek also upgraded the stock to Buy with a $246.00 price target.

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