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Analysts Offer Insights on Technology Companies: Salesforce (CRM) and Arteris (AIP)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Salesforce (CRMResearch Report) and Arteris (AIPResearch Report).

Salesforce (CRM)

BMO Capital analyst Keith Bachman maintained a Buy rating on Salesforce today and set a price target of $335.00. The company’s shares closed last Tuesday at $284.96.

According to TipRanks.com, Bachman is a 5-star analyst with an average return of 15.3% and a 64.2% success rate. Bachman covers the Technology sector, focusing on stocks such as International Business Machines, TELUS International (CDA), and Qualtrics International.

Currently, the analyst consensus on Salesforce is a Strong Buy with an average price target of $336.38, implying a 18.0% upside from current levels. In a report issued on November 16, Credit Suisse also initiated coverage with a Buy rating on the stock with a $375.00 price target.

See the top stocks recommended by analysts >>

Arteris (AIP)

BMO Capital analyst Ambrish Srivastava maintained a Hold rating on Arteris today and set a price target of $24.00. The company’s shares closed last Tuesday at $27.16, close to its 52-week high of $27.57.

According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 17.4% and a 75.1% success rate. Srivastava covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arteris with a $29.80 average price target.

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