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Wall Street Analysts Are Bullish on Top Technology Picks

Tipranks - Fri Apr 17, 9:26AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Aehr Test Systems (AEHR), Bitdeer Technologies (BTDR) and Zoom Video Communications (ZM) with bullish sentiments.

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Aehr Test Systems (AEHR)

William Blair analyst Jed Dorsheimer reiterated a Buy rating on Aehr Test Systems today. The company’s shares closed last Thursday at $85.06.

According to TipRanks.com, Dorsheimer is a 5-star analyst with an average return of 28.0% and a 53.2% success rate. Dorsheimer covers the Technology sector, focusing on stocks such as SolarEdge Technologies, Axcelis Technologies, and STMicroelectronics. ;'>

Currently, the analyst consensus on Aehr Test Systems is a Strong Buy with an average price target of $62.00, representing a -26.8% downside. In a report issued on April 8, Craig-Hallum also upgraded the stock to Buy with a $68.00 price target.

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Bitdeer Technologies (BTDR)

Northland Securities analyst Michael Grondahl maintained a Buy rating on Bitdeer Technologies today and set a price target of $20.00. The company’s shares closed last Thursday at $11.90.

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 12.1% and a 44.2% success rate. Grondahl covers the Financial sector, focusing on stocks such as HIVE Digital Technologies, Abacus Global Management, and Medallion Financial. ;'>

Currently, the analyst consensus on Bitdeer Technologies is a Strong Buy with an average price target of $21.18.

Zoom Video Communications (ZM)

In a report released yesterday, Catharine Trebnick from Rosenblatt Securities maintained a Buy rating on Zoom Video Communications. The company’s shares closed last Thursday at $87.66, close to its 52-week high of $92.80.

According to TipRanks.com, Trebnick is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.4% and a 39.0% success rate. Trebnick covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Netskope, Inc. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zoom Video Communications with a $98.87 average price target, implying a 9.9% upside from current levels. In a report issued on April 5, TipRanks – OpenAI also reiterated a Buy rating on the stock with a $91.00 price target.

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