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Analysts Are Bullish on Top Technology Stocks: Arista Networks (ANET), Alteryx (AYX)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Arista Networks (ANETResearch Report) and Alteryx (AYXResearch Report) with bullish sentiments.

Arista Networks (ANET)

J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on Arista Networks yesterday and set a price target of $160.00. The company’s shares closed last Tuesday at $129.94.

According to TipRanks.com, Chatterjee is a 5-star analyst with an average return of 18.1% and a 60.0% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.

Currently, the analyst consensus on Arista Networks is a Moderate Buy with an average price target of $150.77, which is a 13.5% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $151.00 price target.

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

Alteryx (AYX)

In a report released today, Mike Cikos from Needham maintained a Buy rating on Alteryx, with a price target of $66.00. The company’s shares closed last Tuesday at $52.19, close to its 52-week low of $49.67.

According to TipRanks.com, Cikos is a 1-star analyst with an average return of -1.4% and a 21.2% success rate. Cikos covers the Technology sector, focusing on stocks such as Ping Identity Holding, Tenable Holdings, and Cognyte Software.

Currently, the analyst consensus on Alteryx is a Strong Buy with an average price target of $82.56, representing a 58.6% upside. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $85.00 price target.

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