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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 3 analysts just weighed in on Intuit (INTUResearch Report), ForgeRock Inc (FORGResearch Report) and GlobalFoundries Inc (GFSResearch Report) with bullish sentiments.

Intuit (INTU)

In a report issued on August 11, Siti Panigrahi from Mizuho Securities maintained a Buy rating on Intuit, with a price target of $650.00. The company’s shares closed last Monday at $489.23.

According to TipRanks.com, Panigrahi is a 1-star analyst with an average return of -1.8% and a 48.4% success rate. Panigrahi covers the Technology sector, focusing on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Ceridian HCM Holding.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intuit with a $526.92 average price target.

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ForgeRock Inc (FORG)

BTIG analyst Gray Powell maintained a Buy rating on ForgeRock Inc on August 11 and set a price target of $24.00. The company’s shares closed last Monday at $18.83.

According to TipRanks.com, Powell is a 4-star analyst with an average return of 9.3% and a 56.7% success rate. Powell covers the Technology sector, focusing on stocks such as Ping Identity Holding, CrowdStrike Holdings, and Palo Alto Networks.

Currently, the analyst consensus on ForgeRock Inc is a Strong Buy with an average price target of $23.38, implying a 29.9% upside from current levels. In a report issued on August 12, Cowen & Co. also maintained a Buy rating on the stock with a $25.00 price target.

GlobalFoundries Inc (GFS)

Robert W. Baird analyst Tristan Gerra reiterated a Buy rating on GlobalFoundries Inc on August 11 and set a price target of $100.00. The company’s shares closed last Monday at $63.23.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 11.5% and a 56.1% success rate. Gerra covers the Technology sector, focusing on stocks such as Sequans Communications S A, Rockley Photonics Holdings, and Advanced Micro Devices.

Currently, the analyst consensus on GlobalFoundries Inc is a Strong Buy with an average price target of $70.40, which is a 10.9% upside from current levels. In a report issued on August 9, Citigroup also maintained a Buy rating on the stock with a $67.00 price target.

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