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Analysts Offer Insights on Technology Companies: Automatic Data Processing (ADP), Meta Platforms (META) and Qualcomm (QCOM)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Automatic Data Processing (ADPResearch Report), Meta Platforms (METAResearch Report) and Qualcomm (QCOMResearch Report).

Automatic Data Processing (ADP)

In a report issued on July 27, Bryan Keane from Deutsche Bank maintained a Hold rating on Automatic Data Processing, with a price target of $234.00. The company’s shares closed last Thursday at $239.48.

According to TipRanks.com, Keane is a 5-star analyst with an average return of 9.4% and a 60.6% success rate. Keane covers the Technology sector, focusing on stocks such as Fidelity National Info, AvidXchange Holdings, and Rackspace Technology.

Automatic Data Processing has an analyst consensus of Hold, with a price target consensus of $235.29, representing a 0.1% upside. In a report released yesterday, Cowen & Co. also maintained a Hold rating on the stock with a $230.00 price target.

See today’s best-performing stocks on TipRanks >>

Meta Platforms (META)

In a report issued on July 27, Colin Sebastian from Robert W. Baird maintained a Buy rating on Meta Platforms, with a price target of $230.00. The company’s shares closed last Thursday at $160.72, close to its 52-week low of $154.25.

According to TipRanks.com, Sebastian is a 5-star analyst with an average return of 9.9% and a 50.7% success rate. Sebastian covers the Technology sector, focusing on stocks such as Playtika Holding, Corsair Gaming, and ironSource.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Meta Platforms with a $227.54 average price target, representing a 41.3% upside. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $240.00 price target.

Qualcomm (QCOM)

In a report issued on July 27, Tristan Gerra from Robert W. Baird reiterated a Buy rating on Qualcomm, with a price target of $250.00. The company’s shares closed last Thursday at $146.45.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 10.6% and a 54.5% success rate. Gerra covers the Technology sector, focusing on stocks such as Sequans Communications S A, Advanced Micro Devices, and Lattice Semiconductor.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Qualcomm with a $196.62 average price target, which is a 31.3% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $225.00 price target.

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