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Analysts Are Bullish on These Technology Stocks: Block (XYZ), Micron (MU)

Tipranks - Tipranks - Fri Mar 20, 6:14AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Block (XYZ), Micron (MU) and Array Technologies (ARRY) with bullish sentiments.

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Block (XYZ)

Citi analyst Bryan Keane reiterated a Buy rating on Block today and set a price target of $85.00. The company’s shares closed last Wednesday at $57.84, close to its 52-week low of $53.54.

According to TipRanks.com, Keane is a 4-star analyst with an average return of 4.7% and a 53.7% success rate. Keane covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Bill.com Holdings. ;'>

Block has an analyst consensus of Strong Buy, with a price target consensus of $84.94, implying a 42.2% upside from current levels. In a report issued on March 5, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $88.00 price target.

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Micron (MU)

Wells Fargo analyst Aaron Rakers assigned a Buy rating to Micron today and set a price target of $550.00. The company’s shares closed last Wednesday at $461.73.

According to TipRanks.com, Rakers is a top 25 analyst with an average return of 36.1% and a 68.1% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Keysight Technologies. ;'>

Currently, the analyst consensus on Micron is a Strong Buy with an average price target of $524.67, implying a 12.9% upside from current levels. In a report issued on March 4, Bernstein also maintained a Buy rating on the stock with a $330.00 price target.

Array Technologies (ARRY)

In a report released today, Joseph Osha from Guggenheim reiterated a Buy rating on Array Technologies, with a price target of $13.00. The company’s shares closed last Wednesday at $6.86.

According to TipRanks.com, Osha is a 5-star analyst with an average return of 16.7% and a 53.0% success rate. Osha covers the Industrial Goods sector, focusing on stocks such as Everus Construction Group, Inc., Eos Energy Enterprises, and Primoris Services. ;'>

Array Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $10.24, a 46.3% upside from current levels. In a report issued on March 6, UBS also maintained a Buy rating on the stock with a $10.00 price target.

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