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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Tue Apr 21, 9:14AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Wolfspeed Inc (WOLF) and Marvell (MRVL) with bullish sentiments.

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Wolfspeed Inc (WOLF)

In a report released today, Christopher Rolland from Susquehanna maintained a Buy rating on Wolfspeed Inc, with a price target of $28.00. The company’s shares closed last Monday at $27.09.

According to TipRanks.com, Rolland is a top 100 analyst with an average return of 35.7% and a 64.9% success rate. Rolland covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

Wolfspeed Inc has an analyst consensus of Moderate Buy, with a price target consensus of $24.00.

See the top stocks recommended by analysts >>

Marvell (MRVL)

In a report released today, Kevin Cassidy from Rosenblatt Securities maintained a Buy rating on Marvell. The company’s shares closed last Monday at $146.14.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 30.0% and a 62.7% success rate. Cassidy covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Navitas Semiconductor. ;'>

Marvell has an analyst consensus of Strong Buy, with a price target consensus of $125.54, which is a -14.9% downside from current levels. In a report issued on April 9, Barclays also upgraded the stock to Buy with a $150.00 price target.

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