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Analysts Offer Insights on Technology Companies: Ansys (ANSS), Axon Enterprise (AXON) and Transdigm Group (TDG)

Analysts have been eager to weigh in on the Technology sector with new ratings on Ansys (Research Report).

Ansys (ANSS)

Robert W. Baird analyst Joseph Vruwink maintained a Hold rating on Ansys on August 9 and set a price target of $345.00. The company’s shares closed last Wednesday at $287.20.

According to 2.9% and a 55.3% success rate. Vruwink covers the Technology sector, focusing on stocks such as Manhattan Associates, Instructure Holdings, and Bentley Systems.

Currently, the analyst consensus on Ansys is a Hold with an average price target of $321.43, representing an 11.8% upside. In a report issued on August 4, Rosenblatt Securities also maintained a Hold rating on the stock with a $295.00 price target.

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Axon Enterprise (AXON)

Robert W. Baird analyst William Power reiterated a Buy rating on Axon Enterprise yesterday and set a price target of $130.00. The company’s shares closed last Wednesday at $126.07.

According to 16.6% and a 56.4% success rate. Power covers the Technology sector, focusing on stocks such as Zoom Video Communications, RingCentral, and Everbridge.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Axon Enterprise with a $144.63 average price target, a 21.1% upside from current levels. In a report released yesterday, Credit Suisse also maintained a Buy rating on the stock with a $142.00 price target.

Transdigm Group (TDG)

Robert W. Baird analyst Peter Arment maintained a Buy rating on Transdigm Group on August 9 and set a price target of $720.00. The company’s shares closed last Wednesday at $666.06, close to its 52-week high of $686.06.

According to 8.0% and a 58.9% success rate. Arment covers the Technology sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Caci International.

Currently, the analyst consensus on Transdigm Group is a Strong Buy with an average price target of $704.50.

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