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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 Vericel (VCELResearch Report) and DoorDash (DASHResearch Report) with bullish sentiments.

Vericel (VCEL)

H.C. Wainwright analyst Swayampakula Ramakanth maintained a Buy rating on Vericel today and set a price target of $37.00. The company’s shares closed last Thursday at $27.85.

According to TipRanks.com, Ramakanth ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -12.2% and a 32.3% success rate. Ramakanth covers the Healthcare sector, focusing on stocks such as ImmunoPrecise Antibodies, Janux Therapeutics Inc, and Cellectar Biosciences.

Vericel has an analyst consensus of Moderate Buy, with a price target consensus of $31.00.

See the top stocks recommended by analysts >>

DoorDash (DASH)

Needham analyst Bernie McTernan reiterated a Buy rating on DoorDash today and set a price target of $75.00. The company’s shares closed last Thursday at $56.95.

According to TipRanks.com, McTernan is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -15.8% and a 34.8% success rate. McTernan covers the Services sector, focusing on stocks such as Rush Street Interactive, Penn National Gaming, and Peloton Interactive.

Currently, the analyst consensus on DoorDash is a Moderate Buy with an average price target of $70.29, which is a 14.3% upside from current levels. In a report issued on January 19, Wells Fargo also maintained a Buy rating on the stock with a $71.00 price target.

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