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Analysts Offer Insights on Technology Companies: Apple (AAPL), Cognizant (CTSH) and Snap (SNAP)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Apple (AAPLResearch Report), Cognizant (CTSHResearch Report) and Snap (SNAPResearch Report) with bullish sentiments.

Apple (AAPL)

Apple received a Buy rating and a $180.00 price target from Evercore ISI analyst Amit Daryanani today. The company’s shares closed last Tuesday at $148.63.

According to TipRanks.com, Daryanani is a 5-star analyst with an average return of 16.5% and a 64.9% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Resideo Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Apple with a $169.64 average price target, implying a 15.4% upside from current levels. In a report issued on October 6, Robert W. Baird also reiterated a Buy rating on the stock with a $170.00 price target.

See the top stocks recommended by analysts >>

Cognizant (CTSH)

Robert W. Baird analyst David Koning maintained a Buy rating on Cognizant yesterday and set a price target of $92.00. The company’s shares closed last Tuesday at $79.46.

According to TipRanks.com, Koning is a 5-star analyst with an average return of 15.7% and a 73.8% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

Cognizant has an analyst consensus of Moderate Buy, with a price target consensus of $84.95, a 7.1% upside from current levels. In a report issued on October 11, Morgan Stanley also reiterated a Buy rating on the stock with a $93.00 price target.

Snap (SNAP)

In a report released today, Mark Mahaney from Evercore ISI maintained a Buy rating on Snap, with a price target of $88.00. The company’s shares closed last Tuesday at $75.26, close to its 52-week high of $83.34.

According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 46.0% and a 71.6% success rate. Mahaney covers the Technology sector, focusing on stocks such as Zillow Group Class A, Integral Ad Science, and Uber Technologies.

Currently, the analyst consensus on Snap is a Strong Buy with an average price target of $87.57, implying a 16.6% upside from current levels. In a report issued on October 11, Cowen & Co. also reiterated a Buy rating on the stock with a $96.00 price target.

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