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Analysts Offer Insights on Technology Companies: Softbank (OtherSFTBY) and II-VI (IIVI)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Softbank (SFTBYResearch Report) and II-VI (IIVIResearch Report) with bullish sentiments.

Softbank (SFTBY)

In a report released yesterday, Atul Goyal from Jefferies maintained a Buy rating on Softbank. The company’s shares closed last Friday at $20.71.

Goyal has an average return of 20.8% when recommending Softbank.

According to TipRanks.com, Goyal is ranked #1964 out of 8020 analysts.

The the analyst consensus on Softbank is currently a Moderate Buy rating.

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

II-VI (IIVI)

Needham analyst James Ricchiuti reiterated a Buy rating on II-VI today and set a price target of $70.00. The company’s shares closed last Friday at $55.85.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 17.7% and a 60.2% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Shapeways Holdings.

II-VI has an analyst consensus of Moderate Buy, with a price target consensus of $68.67, implying a 22.5% upside from current levels. In a report issued on August 17, Benchmark Co. also maintained a Buy rating on the stock with a $85.00 price target.

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