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Analysts Are Bullish on Top Technology Stocks: AT&T (T), Qualtrics International (XM)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on AT&T (TResearch Report) and Qualtrics International (XMResearch Report) with bullish sentiments.

AT&T (T)

J.P. Morgan analyst Philip Cusick maintained a Buy rating on AT&T yesterday and set a price target of $24.00. The company’s shares closed last Friday at $19.52, close to its 52-week low of $18.85.

According to TipRanks.com, Cusick is a 4-star analyst with an average return of 6.2% and a 57.4% success rate. Cusick covers the Technology sector, focusing on stocks such as Frontier Communications Parent, United States Cellular, and Cogent Comms.

Currently, the analyst consensus on AT&T is a Moderate Buy with an average price target of $23.73, which is a 18.4% upside from current levels. In a report issued on April 11, Bank of America Securities also maintained a Buy rating on the stock with a $25.00 price target.

See the top stocks recommended by analysts >>

Qualtrics International (XM)

J.P. Morgan analyst Mark Murphy maintained a Buy rating on Qualtrics International yesterday and set a price target of $38.00. The company’s shares closed last Friday at $21.78, close to its 52-week low of $21.71.

According to TipRanks.com, Murphy is a 5-star analyst with an average return of 13.5% and a 59.3% success rate. Murphy covers the Technology sector, focusing on stocks such as DoubleVerify Holdings, DigitalOcean Holdings, and Ceridian HCM Holding.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Qualtrics International with a $36.33 average price target, implying a 44.3% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $32.00 price target.

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