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Analysts Are Bullish on These Technology Stocks: Zebra Tech (ZBRA), Ambarella (AMBA)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Zebra Tech (ZBRAResearch Report), Ambarella (AMBAResearch Report) and Materialise (MTLSResearch Report) with bullish sentiments.

Zebra Tech (ZBRA)

Needham analyst James Ricchiuti reiterated a Buy rating on Zebra Tech today and set a price target of $535.00. The company’s shares closed last Monday at $381.65, close to its 52-week low of $380.91.

According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 22.7% and a 61.8% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Faro Technologies.

Currently, the analyst consensus on Zebra Tech is a Moderate Buy with an average price target of $566.20, representing a 43.7% upside. In a report released yesterday, Northcoast Research also maintained a Buy rating on the stock with a $576.00 price target.

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Ambarella (AMBA)

Needham analyst Quinn Bolton upgraded Ambarella to Buy today and set a price target of $175.00. The company’s shares closed last Monday at $84.71, close to its 52-week low of $82.59.

According to TipRanks.com, Bolton is a top 25 analyst with an average return of 47.4% and a 70.8% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Axcelis Technologies.

Ambarella has an analyst consensus of Strong Buy, with a price target consensus of $182.93, which is a 106.4% upside from current levels. In a report issued on February 24, Rosenblatt Securities also maintained a Buy rating on the stock with a $250.00 price target.

Materialise (MTLS)

In a report issued on March 4, Paul J Chung from J.P. Morgan maintained a Buy rating on Materialise, with a price target of $25.00. The company’s shares closed last Monday at $18.43, close to its 52-week low of $17.06.

According to TipRanks.com, Chung is a 3-star analyst with an average return of 5.1% and a 50.0% success rate. Chung covers the Technology sector, focusing on stocks such as Resideo Technologies, Dolby Laboratories, and Motorola Solutions.

The word on The Street in general, suggests a Hold analyst consensus rating for Materialise with a $21.50 average price target.

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