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Analysts’ Opinions Are Mixed on These Technology Stocks: Meta Platforms (META), Qualcomm (QCOM) and PTC (PTC)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Meta Platforms (METAResearch Report), Qualcomm (QCOMResearch Report) and PTC (PTCResearch Report).

Meta Platforms (META)

Needham analyst Laura Martin maintained a Sell rating on Meta Platforms today. The company’s shares closed last Wednesday at $169.58, close to its 52-week low of $154.25.

According to TipRanks.com, Martin is a 3-star analyst with an average return of 1.1% and a 39.7% success rate. Martin covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, Paramount Global Class B, and Tremor International.

Currently, the analyst consensus on Meta Platforms is a Moderate Buy with an average price target of $234.81.

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

Qualcomm (QCOM)

Charter Equity analyst Edward F. Snyder maintained a Hold rating on Qualcomm today. The company’s shares closed last Wednesday at $153.42.

According to TipRanks.com, Snyder is a 5-star analyst with an average return of 20.0% and a 56.8% success rate. Snyder covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Skyworks Solutions, and Texas Instruments.

Qualcomm has an analyst consensus of Strong Buy, with a price target consensus of $195.55.

PTC (PTC)

In a report released today, Blair Abernethy from Rosenblatt Securities maintained a Buy rating on PTC, with a price target of $146.00. The company’s shares closed last Wednesday at $117.34.

According to TipRanks.com, Abernethy is a 1-star analyst with an average return of -3.5% and a 43.6% success rate. Abernethy covers the Technology sector, focusing on stocks such as Manhattan Associates, Altair Engineering, and Cadence Design.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PTC with a $136.60 average price target, a 21.2% upside from current levels. In a report issued on July 19, Mizuho Securities also maintained a Buy rating on the stock with a $120.00 price target.

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