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Analysts Are Bullish on Top Technology Stocks: Meta Platforms (FB), Faro Technologies (FARO)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Meta Platforms (FBResearch Report), Faro Technologies (FAROResearch Report) and PTC (PTCResearch Report) with bullish sentiments.

Meta Platforms (FB)

Goldman Sachs analyst Eric Sheridan maintained a Buy rating on Meta Platforms today and set a price target of $300.00. The company’s shares closed last Wednesday at $174.95, close to its 52-week low of $169.00.

According to TipRanks.com, Sheridan is a top 100 analyst with an average return of 19.3% and a 66.0% success rate. Sheridan covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Playtika Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Meta Platforms with a $307.45 average price target, a 76.3% upside from current levels. In a report issued on April 14, Evercore ISI also maintained a Buy rating on the stock with a $350.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Faro Technologies (FARO)

Needham analyst James Ricchiuti maintained a Buy rating on Faro Technologies today and set a price target of $50.00. The company’s shares closed last Wednesday at $43.40, close to its 52-week low of $42.68.

According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 20.6% and a 59.5% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Universal Display.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Faro Technologies with a $65.67 average price target.

PTC (PTC)

Rosenblatt Securities analyst Blair Abernethy maintained a Buy rating on PTC today and set a price target of $156.00. The company’s shares closed last Wednesday at $97.62, close to its 52-week low of $96.55.

According to TipRanks.com, Abernethy is a 1-star analyst with an average return of -4.4% and a 38.5% success rate. Abernethy covers the Technology sector, focusing on stocks such as Manhattan Associates, Altair Engineering, and Cadence Design.

PTC has an analyst consensus of Strong Buy, with a price target consensus of $135.40, implying a 38.1% upside from current levels. In a report issued on April 19, Robert W. Baird also maintained a Buy rating on the stock with a $156.00 price target.

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