Blurbs

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 II-VI (IIVIResearch Report), Salesforce (CRMResearch Report) and Nvidia (NVDAResearch Report) with bullish sentiments.

II-VI (IIVI)

In a report released today, James Ricchiuti from Needham reiterated a Buy rating on II-VI, with a price target of $75.00. The company’s shares closed last Wednesday at $54.88.

According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 17.4% and a 58.6% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Universal Display.

Currently, the analyst consensus on II-VI is a Moderate Buy with an average price target of $68.80, a 18.2% upside from current levels. In a report issued on August 17, Benchmark Co. also maintained a Buy rating on the stock with a $85.00 price target.

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

Salesforce (CRM)

Wedbush analyst Daniel Ives maintained a Buy rating on Salesforce today and set a price target of $215.00. The company’s shares closed last Wednesday at $180.01, close to its 52-week low of $154.55.

According to TipRanks.com, Ives is a 5-star analyst with an average return of 10.4% and a 57.3% success rate. Ives covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, Consensus Cloud Solutions, and Palo Alto Networks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Salesforce with a $235.56 average price target, representing a 33.3% upside. In a report issued on August 19, BMO Capital also maintained a Buy rating on the stock with a $223.00 price target.

Nvidia (NVDA)

In a report released today, Rajvindra Gill from Needham reiterated a Buy rating on Nvidia, with a price target of $185.00. The company’s shares closed last Wednesday at $172.22, close to its 52-week low of $140.55.

According to TipRanks.com, Gill is a 5-star analyst with an average return of 13.4% and a 58.3% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Smart Global Holdings, and Everspin Technologies.

Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $230.50, a 35.5% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $205.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on IIVI:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos