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Wall Street Analysts Are Bullish on Top Technology Picks

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Verizon (VZResearch Report) and Alphabet Class C (GOOGResearch Report) with bullish sentiments.

Verizon (VZ)

Raymond James analyst Frank Louthan maintained a Buy rating on Verizon today and set a price target of $64.00. The company’s shares closed last Thursday at $50.73.

According to TipRanks.com, Louthan is a 2-star analyst with an average return of -0.2% and a 54.5% success rate. Louthan covers the Technology sector, focusing on stocks such as Shenandoah Telecommunications Co, Rackspace Technology, and GDS Holdings.

Verizon has an analyst consensus of Hold, with a price target consensus of $56.55, which is a 11.0% upside from current levels. In a report issued on June 27, Scotiabank also initiated coverage with a Buy rating on the stock with a $59.00 price target.

See the top stocks recommended by analysts >>

Alphabet Class C (GOOG)

In a report released today, Mark Mahaney from Evercore ISI maintained a Buy rating on Alphabet Class C, with a price target of $3110.00. The company’s shares closed last Thursday at $2364.95.

According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 30.2% and a 52.4% success rate. Mahaney covers the Technology sector, focusing on stocks such as Spotify Technology SA, Zillow Group Class A, and Integral Ad Science.

Currently, the analyst consensus on Alphabet Class C is a Strong Buy with an average price target of $3103.00, which is a 33.7% upside from current levels. In a report issued on June 29, J.P. Morgan also maintained a Buy rating on the stock with a $2800.00 price target.

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