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Wall Street Analysts Are Bullish on Top Technology Picks

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There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Cambium Networks (CMBMResearch Report) and Enthusiast Gaming Holdings (EGLXResearch Report) with bullish sentiments.

Cambium Networks (CMBM)

In a report released today, Christopher Howe from Barrington reiterated a Buy rating on Cambium Networks, with a price target of $55.00. The company’s shares closed last Monday at $24.70, close to its 52-week low of $18.95.

According to TipRanks.com, Howe is a 5-star analyst with an average return of 20.7% and a 52.5% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Standex International, and Columbus Mckinnon.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cambium Networks with a $41.75 average price target, implying a 67.4% upside from current levels. In a report issued on January 28, Raymond James also upgraded the stock to Buy with a $35.00 price target.

See the top stocks recommended by analysts >>

Enthusiast Gaming Holdings (EGLX)

In a report released today, Derek Soderberg from Colliers Securities maintained a Buy rating on Enthusiast Gaming Holdings, with a price target of $12.00. The company’s shares closed last Monday at $2.35, close to its 52-week low of $1.84.

According to TipRanks.com, Soderberg is a 1-star analyst with an average return of -3.3% and a 33.7% success rate. Soderberg covers the Technology sector, focusing on stocks such as Digi International, Sierra Wireless, and Axon Enterprise.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enthusiast Gaming Holdings with a $9.17 average price target.

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