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Analysts’ Top Technology Picks: Factset Research (FDS), Splunk (SPLK)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Factset Research (FDSResearch Report), Splunk (SPLKResearch Report) and Infineon Technologies AG (IFNNFResearch Report) with bullish sentiments.

Factset Research (FDS)

In a report issued on February 2, Ashish Sabadra from RBC Capital maintained a Buy rating on Factset Research, with a price target of $500.00. The company’s shares closed last Friday at $427.56.

According to TipRanks.com, Sabadra is a 3-star analyst with an average return of 2.2% and a 52.0% success rate. Sabadra covers the Services sector, focusing on stocks such as Vivint Smart Home, ARAMARK Holdings, and First Advantage.

Currently, the analyst consensus on Factset Research is a Strong Buy with an average price target of $484.40.

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

Splunk (SPLK)

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Splunk on February 1 and set a price target of $110.00. The company’s shares closed last Friday at $104.57.

According to TipRanks.com, Hedberg is a 1-star analyst with an average return of -0.5% and a 46.4% success rate. Hedberg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and Netscout Systems.

Currently, the analyst consensus on Splunk is a Moderate Buy with an average price target of $110.87, which is a 7.9% upside from current levels. In a report issued on January 23, Rosenblatt Securities also maintained a Buy rating on the stock.

Infineon Technologies AG (IFNNF)

Kepler Capital analyst Sebastien Sztabowicz maintained a Buy rating on Infineon Technologies AG on February 2 and set a price target of EUR47.00. The company’s shares closed last Friday at $38.75, close to its 52-week high of $42.12.

According to TipRanks.com, Sztabowicz is ranked #7579 out of 8337 analysts.

Infineon Technologies AG has an analyst consensus of Moderate Buy, with a price target consensus of $45.15, which is a 15.0% upside from current levels. In a report issued on January 18, Bernstein also initiated coverage with a Buy rating on the stock with a EUR40.00 price target.

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