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Analysts Are Bullish on These Technology Stocks: Block (XYZ), Cognex (CGNX)

Tipranks - Tipranks - Fri Aug 7, 10:14AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Block (XYZ), Cognex (CGNX) and Caci International (CACI) with bullish sentiments.

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Block (XYZ)

In a report released today, Adam Frisch from Evercore ISI maintained a Buy rating on Block, with a price target of $96.00. The company’s shares closed last Thursday at $80.00.

According to TipRanks.com, Frisch is a 4-star analyst with an average return of 10.6% and a 80.0% success rate. Frisch covers the Technology sector, focusing on stocks such as Shift4 Payments, Toast Inc, and Dave. ;'>

Currently, the analyst consensus on Block is a Strong Buy with an average price target of $96.68, representing a 15.4% upside. In a report released today, TipRanks – DeepSeek also reiterated a Buy rating on the stock with a $94.00 price target.

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Cognex (CGNX)

Goldman Sachs analyst Joe Ritchie maintained a Buy rating on Cognex yesterday and set a price target of $80.00. The company’s shares closed last Thursday at $68.65.

According to TipRanks.com, Ritchie is a 5-star analyst with an average return of 14.7% and a 62.7% success rate. Ritchie covers the Industrial Goods sector, focusing on stocks such as Forgent Power Solutions, Inc. Class A, Madison Air Solutions Corp. Class A, and Honeywell International. ;'>

Currently, the analyst consensus on Cognex is a Moderate Buy with an average price target of $75.09, implying a 4.1% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $75.00 price target.

Caci International (CACI)

In a report released yesterday, Noah Poponak from Goldman Sachs maintained a Buy rating on Caci International, with a price target of $682.00. The company’s shares closed last Thursday at $618.92.

According to TipRanks.com, Poponak is a 4-star analyst with an average return of 7.2% and a 54.4% success rate. Poponak covers the Industrial Goods sector, focusing on stocks such as Virgin Galactic Holdings, Firefly Aerospace, Inc., and Huntington Ingalls. ;'>

Currently, the analyst consensus on Caci International is a Moderate Buy with an average price target of $611.50, implying a 10.7% upside from current levels. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $580.00 price target.

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