There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Taiwan Semi (TSM – Research Report) and Gitlab (GTLB – Research Report) with bullish sentiments.
Taiwan Semi (TSM)
Needham analyst Charles Shi reiterated a Buy rating on Taiwan Semi today and set a price target of $110.00. The company’s shares closed last Friday at $78.07.
According to TipRanks.com, Shi is ranked 0 out of 5 stars with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Taiwan Semi with a $104.00 average price target.
See today’s best-performing stocks on TipRanks >>
In a report released today, Mike Cikos from Needham maintained a Buy rating on Gitlab, with a price target of $60.00. The company’s shares closed last Friday at $38.73, close to its 52-week low of $30.74.
According to TipRanks.com, Cikos is ranked 0 out of 5 stars with an average return of
Gitlab has an analyst consensus of Strong Buy, with a price target consensus of $60.38, which is a 55.3% upside from current levels. In a report issued on January 5, Piper Sandler also maintained a Buy rating on the stock with a $58.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on TSM: