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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Tipranks - Thu Aug 6, 5:42PM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on GlobalFoundries Inc (GFS) and Block (XYZ) with bullish sentiments.

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GlobalFoundries Inc (GFS)

In a report released today, Krish Sankar from TD Cowen maintained a Buy rating on GlobalFoundries Inc, with a price target of $75.00. The company’s shares closed last Wednesday at $49.46.

According to TipRanks.com, Sankar is a top 25 analyst with an average return of 57.5% and a 69.3% success rate. Sankar covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Ultra Clean Holdings, and Silvaco Group, Inc. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GlobalFoundries Inc with a $78.62 average price target, which is a 63.3% upside from current levels. In a report issued on July 21, TipRanks – PerPlexity also upgraded the stock to Buy with a $65.00 price target.

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Block (XYZ)

In a report released today, Andrew Jeffrey from William Blair reiterated a Buy rating on Block. The company’s shares closed last Wednesday at $84.20.

According to TipRanks.com, Jeffrey is a 5-star analyst with an average return of 10.6% and a 60.1% success rate. Jeffrey covers the Technology sector, focusing on stocks such as Bill.com Holdings, Shift4 Payments, and Corpay Inc. ;'>

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 9.8% 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.

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