There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Adobe (ADBE – Research Report), Autodesk (ADSK – Research Report) and Cloudflare (NET – Research Report) with bullish sentiments.
Autodesk (ADSK)
Rosenblatt Securities analyst Blair Abernethy reiterated a Buy rating on Autodesk today and set a price target of $235.00. The company’s shares closed last Wednesday at $202.88.
According to TipRanks.com, Abernethy is a 2-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Autodesk with a $239.28 average price target, a 15.9% upside from current levels. In a report issued on March 14, Robert W. Baird also maintained a Buy rating on the stock with a $247.00 price target.
Cloudflare (NET)
In a report released today, Alex Henderson from Needham reiterated a Buy rating on Cloudflare, with a price target of $77.00. The company’s shares closed last Wednesday at $56.50.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of
Currently, the analyst consensus on Cloudflare is a Moderate Buy with an average price target of $65.81, a 15.4% upside from current levels. In a report issued on March 9, Robert W. Baird also maintained a Buy rating on the stock with a price target.
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Read More on ADBE:
- Adobe price target raised to $350 from $325 at Credit Suisse
- Early notable gainers among liquid option names on March 16th
- Adobe well positioned for slower software market growth, says DA Davidson
- Adobe price target raised to $375 from $370 at Mizuho
- Adobe price target raised to $385 from $382 at Morgan Stanley
