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Analysts Have Conflicting Sentiments on These Technology Companies: Automatic Data Processing (ADP), Ceva (CEVA) and Alphabet Class A (GOOGL)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Automatic Data Processing (ADPResearch Report), Ceva (CEVAResearch Report) and Alphabet Class A (GOOGLResearch Report).

Automatic Data Processing (ADP)

Mizuho Securities analyst Dan Dolev maintained a Buy rating on Automatic Data Processing today and set a price target of $220.00. The company’s shares closed last Tuesday at $207.89, close to its 52-week high of $208.59.

Dolev has an average return of 14.1% when recommending Automatic Data Processing.

According to TipRanks.com, Dolev is ranked #629 out of 7606 analysts.

Automatic Data Processing has an analyst consensus of Moderate Buy, with a price target consensus of $203.80.

See today’s analyst top recommended stocks >>

Ceva (CEVA)

In a report issued on July 25, Kevin Cassidy from Rosenblatt Securities maintained a Hold rating on Ceva, with a price target of $50.00. The company’s shares closed last Tuesday at $42.52, close to its 52-week low of $35.62.

According to TipRanks.com, Cassidy is a 5-star analyst with an average return of 25.4% and a 69.6% success rate. Cassidy covers the Technology sector, focusing on stocks such as Smart Global Holdings, Skyworks Solutions, and ON Semiconductor.

Currently, the analyst consensus on Ceva is a Strong Buy with an average price target of $60.80.

Alphabet Class A (GOOGL)

Mizuho Securities analyst James Lee assigned a Buy rating to Alphabet Class A yesterday and set a price target of $3000.00. The company’s shares closed last Tuesday at $2638.00, close to its 52-week high of $2687.98.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 16.6% and a 68.9% success rate. Lee covers the Technology sector, focusing on stocks such as Facebook, DoorDash, and Twitter.

Currently, the analyst consensus on Alphabet Class A is a Strong Buy with an average price target of $3018.44, which is a 12.4% upside from current levels. In a report issued on July 20, Bank of America Securities also maintained a Buy rating on the stock with a $2755.00 price target.

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