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Analysts Are Bullish on These Technology Stocks: Akamai (AKAM), Plug Power (PLUG)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Akamai (AKAMResearch Report), Plug Power (PLUGResearch Report) and Qualys (QLYSResearch Report) with bullish sentiments.

Akamai (AKAM)

In a report released today, Rishi Jaluria from RBC Capital maintained a Buy rating on Akamai, with a price target of $110.00. The company’s shares closed last Tuesday at $95.08.

According to TipRanks.com, Jaluria is a 3-star analyst with an average return of 2.6% and a 49.6% success rate. Jaluria covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and Duck Creek Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Akamai with a $119.11 average price target, representing a 23.7% upside. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $116.00 price target.

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Plug Power (PLUG)

In a report released today, Sophie Karp from KeyBanc maintained a Buy rating on Plug Power, with a price target of $32.00. The company’s shares closed last Tuesday at $24.67.

According to TipRanks.com, Karp is a 5-star analyst with an average return of 11.5% and a 61.5% success rate. Karp covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Nextera Energy Partners, and Pinnacle West Capital.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Plug Power with a $34.50 average price target, representing a 42.7% upside. In a report released today, Susquehanna also maintained a Buy rating on the stock with a $35.00 price target.

Qualys (QLYS)

Wolfe Research analyst Joshua Tilton maintained a Buy rating on Qualys today and set a price target of $147.00. The company’s shares closed last Tuesday at $142.70, close to its 52-week high of $150.10.

According to TipRanks.com, Tilton is a 3-star analyst with an average return of 4.4% and a 34.6% success rate. Tilton covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Tenable Holdings.

Qualys has an analyst consensus of Moderate Buy, with a price target consensus of $145.00, which is a 7.4% upside from current levels. In a report issued on August 8, Summit Redstone Partners also maintained a Buy rating on the stock with a $175.00 price target.

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