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Analysts Offer Insights on Technology Companies: Celestica (CLS), Meta Platforms (FB) and PTC (PTC)

Analysts have been eager to weigh in on the Technology sector with new ratings on Celestica (CLSResearch Report), Meta Platforms (FBResearch Report) and PTC (PTCResearch Report).

Celestica (CLS)

In a report issued on April 28, Paul Treiber from RBC Capital maintained a Hold rating on Celestica, with a price target of $13.00. The company’s shares closed last Friday at $11.23.

According to TipRanks.com, Treiber is a 5-star analyst with an average return of 11.5% and a 61.0% success rate. Treiber covers the Technology sector, focusing on stocks such as The Descartes Systems Group, Enghouse Systems, and Sierra Wireless.

Celestica has an analyst consensus of Hold, with a price target consensus of $13.25, which is a 15.7% upside from current levels. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a $13.00 price target.

See the top stocks recommended by analysts >>

Meta Platforms (FB)

In a report issued on April 28, Brad Erickson from RBC Capital maintained a Buy rating on Meta Platforms, with a price target of $240.00. The company’s shares closed last Friday at $200.47, close to its 52-week low of $169.00.

According to TipRanks.com, Erickson is a 5-star analyst with an average return of 21.4% and a 47.2% success rate. Erickson covers the Technology sector, focusing on stocks such as Zillow Group Class A, Fiverr International, and Uber Technologies.

Meta Platforms has an analyst consensus of Moderate Buy, with a price target consensus of $296.93, representing a 45.2% upside. In a report issued on April 14, Evercore ISI also maintained a Buy rating on the stock with a $350.00 price target.

PTC (PTC)

RBC Capital analyst Matthew Hedberg maintained a Buy rating on PTC on April 28 and set a price target of $130.00. The company’s shares closed last Friday at $114.21.

According to TipRanks.com, Hedberg is a 3-star analyst with an average return of 2.4% and a 42.4% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and DoubleVerify Holdings.

Currently, the analyst consensus on PTC is a Strong Buy with an average price target of $135.14, a 18.4% upside from current levels. In a report issued on April 19, Robert W. Baird also maintained a Buy rating on the stock with a $156.00 price target.

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