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Analysts’ Top Technology Picks: Nova Measuring (NVMI), Cloudflare (NET)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Nova Measuring (NVMIResearch Report), Cloudflare (NETResearch Report) and Block (SQResearch Report) with bullish sentiments.

Nova Measuring (NVMI)

In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Nova Measuring, with a price target of $140.00. The company’s shares closed last Thursday at $108.65.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 20.3% and a 57.3% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, Western Digital, and Advanced Energy.

Currently, the analyst consensus on Nova Measuring is a Strong Buy with an average price target of $130.00, implying a 21.8% upside from current levels. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $120.00 price target.

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

Cloudflare (NET)

Needham analyst Alex Henderson maintained a Buy rating on Cloudflare today and set a price target of $100.00. The company’s shares closed last Thursday at $58.43, close to its 52-week low of $38.96.

According to TipRanks.com, Henderson is a 5-star analyst with an average return of 19.7% and a 59.4% success rate. Henderson covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, CyberArk Software, and Extreme Networks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cloudflare with a $91.07 average price target, which is a 58.6% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a $74.00 price target.

Block (SQ)

In a report released today, Mayank Tandon from Needham maintained a Buy rating on Block, with a price target of $120.00. The company’s shares closed last Thursday at $89.70, close to its 52-week low of $56.01.

According to TipRanks.com, Tandon is a 5-star analyst with an average return of 11.6% and a 49.8% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Duck Creek Technologies, and Grid Dynamics Holdings.

Block has an analyst consensus of Strong Buy, with a price target consensus of $120.53, representing a 36.7% upside. In a report issued on July 21, Bank of America Securities also maintained a Buy rating on the stock with a $106.00 price target.

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