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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 Boeing (BAResearch Report) and Intel (INTCResearch Report) with bullish sentiments.

Boeing (BA)

RBC Capital analyst Kenneth Herbert maintained a Buy rating on Boeing today and set a price target of $200.00. The company’s shares closed last Monday at $169.86.

According to TipRanks.com, Herbert is a 5-star analyst with an average return of 18.7% and a 60.8% success rate. Herbert covers the Technology sector, focusing on stocks such as Raytheon Technologies, Spirit AeroSystems, and Maxar Technologies.

Currently, the analyst consensus on Boeing is a Strong Buy with an average price target of $208.57, a 25.7% upside from current levels. In a report issued on July 25, Jefferies also maintained a Buy rating on the stock with a $225.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Intel (INTC)

Credit Suisse analyst Randy Abrams maintained a Buy rating on Intel today and set a price target of $45.00. The company’s shares closed last Monday at $37.32, close to its 52-week low of $35.24.

Abrams has an average return of 19.3% when recommending Intel.

According to TipRanks.com, Abrams is ranked #1486 out of 7995 analysts.

Currently, the analyst consensus on Intel is a Hold with an average price target of $40.50, which is a 12.3% upside from current levels. In a report released today, Argus Research also maintained a Buy rating on the stock with a $52.00 price target.

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