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Analysts Are Bullish on These Technology Stocks: Shaw Communications (SJR), The Descartes Systems Group (DSGX)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Shaw Communications (SJRResearch Report), The Descartes Systems Group (DSGXResearch Report) and Transdigm Group (TDGResearch Report) with bullish sentiments.

Shaw Communications (SJR)

RBC Capital analyst Drew Mcreynolds maintained a Buy rating on Shaw Communications on June 2 and set a price target of C$40.50. The company’s shares closed last Friday at $28.38.

According to TipRanks.com, Mcreynolds is a 5-star analyst with an average return of 10.9% and a 60.0% success rate. Mcreynolds covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Rogers Communication, and Thomson Reuters.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shaw Communications with a $32.22 average price target, a 13.4% upside from current levels. In a report issued on May 18, National Bank also upgraded the stock to Buy with a C$40.50 price target.

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The Descartes Systems Group (DSGX)

In a report issued on June 2, Paul Treiber from RBC Capital maintained a Buy rating on The Descartes Systems Group, with a price target of $85.00. The company’s shares closed last Friday at $62.87.

According to TipRanks.com, Treiber is a 5-star analyst with an average return of 9.9% and a 60.1% success rate. Treiber covers the Technology sector, focusing on stocks such as Enghouse Systems, Sierra Wireless, and Nuvei Corp.

The Descartes Systems Group has an analyst consensus of Moderate Buy, with a price target consensus of $76.00, a 20.9% upside from current levels. In a report issued on June 2, Canaccord Genuity also maintained a Buy rating on the stock with a $74.00 price target.

Transdigm Group (TDG)

In a report issued on June 2, Kenneth Herbert from RBC Capital maintained a Buy rating on Transdigm Group, with a price target of $750.00. The company’s shares closed last Friday at $616.35.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 19.3% and a 61.6% success rate. Herbert covers the Technology sector, focusing on stocks such as Raytheon Technologies, Maxar Technologies, and Spirit AeroSystems.

Transdigm Group has an analyst consensus of Moderate Buy, with a price target consensus of $685.71.

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