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Analysts Offer Insights on Technology Companies: ON Semiconductor (ON), Toast Inc (TOST) and Cleanspark (CLSK)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on ON Semiconductor (ONResearch Report), Toast Inc (TOSTResearch Report) and Cleanspark (CLSKResearch Report).

ON Semiconductor (ON)

In a report released today, Harsh Kumar from Piper Sandler maintained a Buy rating on ON Semiconductor, with a price target of $90.00. The company’s shares closed last Friday at $71.16, close to its 52-week high of $71.98.

According to TipRanks.com, Kumar is a top 100 analyst with an average return of 28.0% and a 74.4% success rate. Kumar covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and Digi International.

ON Semiconductor has an analyst consensus of Strong Buy, with a price target consensus of $75.89, representing a 13.3% upside. In a report issued on August 2, B.Riley Financial also maintained a Buy rating on the stock with a $80.00 price target.

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

Toast Inc (TOST)

Mizuho Securities analyst Dan Dolev maintained a Hold rating on Toast Inc today and set a price target of $22.00. The company’s shares closed last Friday at $19.64, close to its 52-week low of $11.91.

According to TipRanks.com, Dolev is a 3-star analyst with an average return of 2.0% and a 54.2% success rate. Dolev covers the Services sector, focusing on stocks such as Fleetcor Technologies, Paypal Holdings, and Mastercard.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Toast Inc with a $24.69 average price target, implying a 13.7% upside from current levels. In a report issued on August 12, Credit Suisse also maintained a Hold rating on the stock with a $20.50 price target.

Cleanspark (CLSK)

Chardan Capital analyst Brian Dobson maintained a Buy rating on Cleanspark today and set a price target of $9.00. The company’s shares closed last Friday at $6.02, close to its 52-week low of $3.75.

Dobson has an average return of 8.0% when recommending Cleanspark.

According to TipRanks.com, Dobson is ranked #7493 out of 8045 analysts.

Currently, the analyst consensus on Cleanspark is a Strong Buy with an average price target of $10.33, representing an 84.1% upside. In a report issued on August 10, H.C. Wainwright also reiterated a Buy rating on the stock with a $12.00 price target.

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