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Analysts’ Top Technology Picks: Ambarella (AMBA), NexTech AR Solutions (NEXCF)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Ambarella (AMBAResearch Report) and NexTech AR Solutions (NEXCFResearch Report) with bullish sentiments.

Ambarella (AMBA)

In a report released today, Kevin Cassidy from Rosenblatt Securities maintained a Buy rating on Ambarella, with a price target of $110.00. The company’s shares closed last Friday at $73.57, close to its 52-week low of $49.02.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 21.1% and a 64.9% success rate. Cassidy covers the Technology sector, focusing on stocks such as Navitas Semiconductor, Smart Global Holdings, and Skyworks Solutions.

Ambarella has an analyst consensus of Moderate Buy, with a price target consensus of $95.64.

See the top stocks recommended by analysts >>

NexTech AR Solutions (NEXCF)

H.C. Wainwright analyst Scott Buck reiterated a Buy rating on NexTech AR Solutions today and set a price target of $2.50. The company’s shares closed last Thursday at $0.84.

According to TipRanks.com, Buck has 0 stars on 0-5 stars ranking scale with an average return of -10.5% and a 33.1% success rate. Buck covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Sigma Additive Solutions, and Lightpath Technologies.

NexTech AR Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $2.50.

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