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Analysts’ Opinions Are Mixed on These Technology Stocks: HP (HPQ), Itron (ITRI) and Ambarella (AMBA)

Analysts have been eager to weigh in on the Technology sector with new ratings on HP (HPQResearch Report), Itron (ITRIResearch Report) and Ambarella (AMBAResearch Report).

HP (HPQ)

Barclays analyst Tim Long maintained a Sell rating on HP today and set a price target of $30.00. The company’s shares closed last Tuesday at $34.13.

According to TipRanks.com, Long is a 5-star analyst with an average return of 12.6% and a 62.7% success rate. Long covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Motorola Solutions.

Currently, the analyst consensus on HP is a Hold with an average price target of $37.20.

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Itron (ITRI)

EF Hutton analyst Chip Moore maintained a Buy rating on Itron today and set a price target of $92.00. The company’s shares closed last Tuesday at $49.25, close to its 52-week low of $45.12.

Moore has an average return of 1.5% when recommending Itron.

According to TipRanks.com, Moore is ranked #236 out of 7793 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Itron with a $72.80 average price target, which is a 52.7% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $71.00 price target.

Ambarella (AMBA)

Morgan Stanley analyst Joseph Moore maintained a Buy rating on Ambarella today and set a price target of $164.00. The company’s shares closed last Tuesday at $98.41, close to its 52-week low of $82.59.

According to TipRanks.com, Moore is a 5-star analyst with an average return of 12.6% and a 57.0% success rate. Moore covers the Technology sector, focusing on stocks such as Silicon Laboratories, GlobalFoundries Inc, and NXP Semiconductors.

Currently, the analyst consensus on Ambarella is a Strong Buy with an average price target of $184.93, representing a 66.4% upside. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $160.00 price target.

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