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Analysts Are Bullish on These Technology Stocks: Ciena (CIEN), Marathon Digital Holdings (MARA)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Ciena (CIENResearch Report), Marathon Digital Holdings (MARAResearch Report) and GoodRx Holdings (GDRXResearch Report) with bullish sentiments.

Ciena (CIEN)

In a report issued on April 10, Michael Genovese from Rosenblatt Securities maintained a Buy rating on Ciena. The company’s shares closed last Wednesday at $57.26.

According to TipRanks.com, Genovese is a 5-star analyst with an average return of 11.7% and a 58.1% success rate. Genovese covers the Technology sector, focusing on stocks such as NeoPhotonics, Infinera, and Adtran.

Ciena has an analyst consensus of Moderate Buy, with a price target consensus of $78.70, implying a 40.2% upside from current levels. In a report issued on April 7, Colliers Securities also reiterated a Buy rating on the stock with a $80.00 price target.

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

Marathon Digital Holdings (MARA)

In a report issued on April 10, Jonathan Petersen from Jefferies maintained a Buy rating on Marathon Digital Holdings. The company’s shares closed last Wednesday at $22.30, close to its 52-week low of $18.32.

According to TipRanks.com, Petersen is a 5-star analyst with an average return of 14.2% and a 73.9% success rate. Petersen covers the Financial sector, focusing on stocks such as Apartment Income REIT, NexPoint Residential, and Equity Residential.

Currently, the analyst consensus on Marathon Digital Holdings is a Strong Buy with an average price target of $55.75, implying a 165.2% upside from current levels. In a report issued on April 5, B.Riley Financial also maintained a Buy rating on the stock with a $57.00 price target.

GoodRx Holdings (GDRX)

Jefferies analyst Glen Santangelo maintained a Buy rating on GoodRx Holdings today and set a price target of $22.00. The company’s shares closed last Wednesday at $18.79, close to its 52-week low of $13.44.

According to TipRanks.com, Santangelo is a 5-star analyst with an average return of 19.9% and a 65.5% success rate. Santangelo covers the Technology sector, focusing on stocks such as Definitive Healthcare Corp, Health Catalyst, and Phreesia.

Currently, the analyst consensus on GoodRx Holdings is a Moderate Buy with an average price target of $24.73, a 37.4% upside from current levels. In a report issued on April 6, Guggenheim also initiated coverage with a Buy rating on the stock with a $24.00 price target.

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