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Analysts Offer Insights on Technology Companies: Adobe (ADBE) and Micron (MU)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Adobe (ADBEResearch Report) and Micron (MUResearch Report) with bullish sentiments.

Adobe (ADBE)

Wells Fargo analyst Michael Turrin maintained a Buy rating on Adobe yesterday and set a price target of $625.00. The company’s shares closed last Tuesday at $459.82.

According to TipRanks.com, Turrin has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -9.8% and a 33.9% success rate. Turrin covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, Zoom Video Communications, and ZoomInfo Technologies.

Currently, the analyst consensus on Adobe is a Strong Buy with an average price target of $586.93, a 29.4% upside from current levels. In a report issued on March 11, Mizuho Securities also assigned a Buy rating to the stock with a $600.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Micron (MU)

Wells Fargo analyst Aaron Rakers maintained a Buy rating on Micron today and set a price target of $115.00. The company’s shares closed last Tuesday at $78.68.

According to TipRanks.com, Rakers is a top 100 analyst with an average return of 26.7% and a 70.6% success rate. Rakers covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Arista Networks, and Cisco Systems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Micron with a $119.73 average price target, which is a 54.1% upside from current levels. In a report issued on March 8, Mizuho Securities also maintained a Buy rating on the stock with a $110.00 price target.

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