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Analysts Offer Insights on Technology Companies: Baidu (BIDU), Salesforce (CRM) and Zoom Video Communications (ZM)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Baidu (BIDUResearch Report), Salesforce (CRMResearch Report) and Zoom Video Communications (ZMResearch Report) with bullish sentiments.

Baidu (BIDU)

In a report issued on March 1, James Lee from Mizuho Securities maintained a Buy rating on Baidu, with a price target of $300.00. The company’s shares closed last Wednesday at $160.57, close to its 52-week low of $132.14.

According to TipRanks.com, Lee is a 4-star analyst with an average return of 9.5% and a 59.0% success rate. Lee covers the Technology sector, focusing on stocks such as Uber Technologies, Alphabet Class A, and Meta Platforms.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Baidu with a $251.67 average price target, implying a 57.0% upside from current levels. In a report released yesterday, Citigroup also maintained a Buy rating on the stock with a $254.00 price target.

See the top stocks recommended by analysts >>

Salesforce (CRM)

In a report released yesterday, Gregg Moskowitz from Mizuho Securities reiterated a Buy rating on Salesforce, with a price target of $295.00. The company’s shares closed last Wednesday at $210.39.

According to TipRanks.com, Moskowitz is a top 100 analyst with an average return of 23.7% and a 68.7% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Ping Identity Holding, CrowdStrike Holdings, and Palo Alto Networks.

Salesforce has an analyst consensus of Strong Buy, with a price target consensus of $303.19, a 40.3% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $260.00 price target.

Zoom Video Communications (ZM)

In a report issued on February 28, Siti Panigrahi from Mizuho Securities reiterated a Buy rating on Zoom Video Communications, with a price target of $190.00. The company’s shares closed last Wednesday at $121.61, close to its 52-week low of $114.26.

According to TipRanks.com, Panigrahi is a 3-star analyst with an average return of 2.1% and a 48.8% success rate. Panigrahi covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, Ceridian HCM Holding, and Coupa Software.

Currently, the analyst consensus on Zoom Video Communications is a Moderate Buy with an average price target of $176.43, representing a 44.3% upside. In a report issued on March 1, Guggenheim also maintained a Buy rating on the stock with a $160.00 price target.

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