This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Technology Companies: Nextpower Inc (NXT), ON Semiconductor (ON) and Block (XYZ)

Tipranks - Wed Aug 5, 9:26AM CDT

Analysts have been eager to weigh in on the Technology sector with new ratings on Nextpower Inc (NXT), ON Semiconductor (ON) and Block (XYZ).

Claim 55% Off TipRanks

Nextpower Inc (NXT)

In a report released today, Maheep Mandloi from Mizuho Securities maintained a Hold rating on Nextpower Inc, with a price target of $111.00. The company’s shares closed last Tuesday at $95.18.

According to TipRanks.com, Mandloi is a 3-star analyst with an average return of 1.3% and a 44.4% success rate. Mandloi covers the Technology sector, focusing on stocks such as Shoals Technologies Group, SolarEdge Technologies, and Enphase Energy. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nextpower Inc with a $145.21 average price target, representing a 54.5% upside. In a report issued on July 21, TipRanks – Anthropic also downgraded the stock to Hold with a $109.00 price target.

See the top stocks recommended by analysts >>

ON Semiconductor (ON)

Truist Financial analyst William Stein maintained a Hold rating on ON Semiconductor today. The company’s shares closed last Tuesday at $80.28.

According to TipRanks.com, Stein is a top 25 analyst with an average return of 37.8% and a 75.8% success rate. Stein covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and Arrow Electronics. ;'>

ON Semiconductor has an analyst consensus of Moderate Buy, with a price target consensus of $107.05, which is a 26.9% upside from current levels. In a report released today, TipRanks – Google also downgraded the stock to Hold with a $84.00 price target.

Block (XYZ)

Truist Financial analyst Richard Sunderland maintained a Buy rating on Block today. The company’s shares closed last Tuesday at $83.80.

According to TipRanks.com, Sunderland is a 3-star analyst with an average return of 3.0% and a 49.5% success rate. Sunderland covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Pinnacle West Capital. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Block with a $93.61 average price target, which is a 14.0% upside from current levels. In a report issued on July 31, TipRanks – OpenAI also upgraded the stock to Buy with a $93.00 price target.

Read More on NXT:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.