Analysts’ Opinions Are Mixed on These Technology Stocks: Applied Materials (AMAT) and Xero Limited (OtherXROLF)

Analysts have been eager to weigh in on the Technology sector with new ratings on Applied Materials (AMAT – Research Report) and Xero Limited (XROLF – Research Report).

Applied Materials (AMAT)

Barclays analyst Thomas O’Malley maintained a Hold rating on Applied Materials today and set a price target of $170.00. The company’s shares closed last Friday at $185.69.

According to TipRanks.com, O’Malley is a 5-star analyst with an average return of 17.5% and a 59.1% success rate. O’Malley covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices.

Applied Materials has an analyst consensus of Strong Buy, with a price target consensus of $206.26.

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Xero Limited (XROLF)

In a report released today, Andrew McLeod from Morgan Stanley maintained a Buy rating on Xero Limited, with a price target of A$235.00. The company’s shares closed last Friday at $119.99.

According to TipRanks.com, McLeod is a 3-star analyst with an average return of 3.2% and a 55.5% success rate. McLeod covers the NA sector, focusing on stocks such as Telstra Corporation Limited, REA Group Ltd, and News Corp.

Xero Limited has an analyst consensus of Strong Buy, with a price target consensus of $137.95, implying a 16.7% upside from current levels. In a report issued on July 14, Citi also maintained a Buy rating on the stock with a A$210.00 price target.

Read More on AMAT:

• Applied Materials Appoints James Anderson to Board
• Applied Materials appoints Anderson to board of directors
• Applied Materials price target raised to $220 from $195 at Mizuho
• Applied Materials initiated with a Buy at Goldman Sachs
• Tesla, Netflix downgraded: Wall Street’s top analyst calls