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Analysts Offer Insights on Technology Companies: Broadcom (AVGO), Strategy (MSTR) and Zscaler (ZS)

Tipranks - Fri Jun 12, 8:28AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Broadcom (AVGO), Strategy (MSTR) and Zscaler (ZS) with bullish sentiments.

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Broadcom (AVGO)

Citi analyst Atif Malik maintained a Buy rating on Broadcom on June 8. The company’s shares closed last Wednesday at $372.10.

According to TipRanks.com, Malik is a top 25 analyst with an average return of 49.2% and a 80.0% success rate. Malik covers the Technology sector, focusing on stocks such as Cerebras Systems, Inc. Class A, Advanced Micro Devices, and Keysight Technologies. ;'>

Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $510.25, representing a 33.8% upside. In a report issued on June 3, TipRanks – xAI also upgraded the stock to Buy with a $551.00 price target.

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

Strategy (MSTR)

Bernstein analyst Gautam Chhugani initiated coverage with a Buy rating on Strategy on June 8 and set a price target of $450.00. The company’s shares closed last Wednesday at $115.35, close to its 52-week low of $101.00.

According to TipRanks.com, Chhugani is a 5-star analyst with an average return of 29.4% and a 46.2% success rate. Chhugani covers the Financial sector, focusing on stocks such as Figure Technology Solutions, Inc. Class A, SharpLink Gaming, and Coinbase Global. ;'>

Currently, the analyst consensus on Strategy is a Strong Buy with an average price target of $315.38, a 171.2% upside from current levels. In a report issued on June 1, TD Cowen also maintained a Buy rating on the stock with a $400.00 price target.

Zscaler (ZS)

Canaccord Genuity analyst Kingsley Crane maintained a Buy rating on Zscaler today and set a price target of $210.00. The company’s shares closed last Wednesday at $124.73.

According to TipRanks.com, Crane is a 4-star analyst with an average return of 9.7% and a 50.7% success rate. Crane covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, CrowdStrike Holdings, and Alarum Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zscaler with a $194.71 average price target, implying a 57.0% upside from current levels. In a report issued on May 27, TipRanks – OpenAI also upgraded the stock to Buy with a $204.00 price target.

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