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Analysts Are Bullish on These Technology Stocks: Twilio (TWLO), Sonos (SONO)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Twilio (TWLOResearch Report) and Sonos (SONOResearch Report) with bullish sentiments.

Twilio (TWLO)

In a report released yesterday, Samad Samana from Jefferies maintained a Buy rating on Twilio, with a price target of $360.00. The company’s shares closed last Thursday at $161.94, close to its 52-week low of $123.05.

According to TipRanks.com, Samana is a 5-star analyst with an average return of 14.0% and a 57.6% success rate. Samana covers the Technology sector, focusing on stocks such as Automatic Data Processing, BigCommerce Holdings, and Ceridian HCM Holding.

Currently, the analyst consensus on Twilio is a Strong Buy with an average price target of $321.25, implying a 98.3% upside from current levels. In a report issued on March 21, Stifel Nicolaus also maintained a Buy rating on the stock with a $300.00 price target.

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

Sonos (SONO)

In a report released today, Brent Thill from Jefferies maintained a Buy rating on Sonos, with a price target of $50.00. The company’s shares closed last Thursday at $27.51.

According to TipRanks.com, Thill is a 4-star analyst with an average return of 9.2% and a 47.6% success rate. Thill covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palantir Technologies, and Procore Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sonos with a $42.75 average price target.

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