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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Tue Apr 7, 6:26AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Zoom Video Communications (ZM) and Applied Optoelectronics (AAOI) with bullish sentiments.

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Zoom Video Communications (ZM)

Rosenblatt Securities analyst Catharine Trebnick reiterated a Buy rating on Zoom Video Communications today and set a price target of $115.00. The company’s shares closed last Thursday at $82.36.

According to TipRanks.com, Trebnick has 0 stars on 0-5 stars ranking scale with an average return of -6.1% and a 37.9% success rate. Trebnick covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and SentinelOne. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zoom Video Communications with a $100.24 average price target, which is a 25.3% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $97.00 price target.

See today’s best-performing stocks on TipRanks >>

Applied Optoelectronics (AAOI)

In a report released today, Michael Genovese from Rosenblatt Securities reiterated a Buy rating on Applied Optoelectronics, with a price target of $140.00. The company’s shares closed last Thursday at $103.91.

According to TipRanks.com, Genovese is a 5-star analyst with an average return of 33.6% and a 56.4% success rate. Genovese covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Ribbon Communications, and Lumentum Holdings. ;'>

Applied Optoelectronics has an analyst consensus of Moderate Buy, with a price target consensus of $82.25, which is a 0.8% upside from current levels. In a report issued on April 3, TipRanks – Google also upgraded the stock to Buy with a $114.00 price target.

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