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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 Faro Technologies (FAROResearch Report) and WalkMe (WKMEResearch Report) with bullish sentiments.

Faro Technologies (FARO)

Needham analyst James Ricchiuti reiterated a Buy rating on Faro Technologies today and set a price target of $72.00. The company’s shares closed last Wednesday at $56.12, close to its 52-week low of $48.75.

According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 23.8% and a 62.5% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and TTM Technologies.

Faro Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $73.50.

See Insiders’ Hot Stocks on TipRanks >>

WalkMe (WKME)

In a report released today, Scott Berg from Needham maintained a Buy rating on WalkMe, with a price target of $40.00. The company’s shares closed last Wednesday at $17.09, close to its 52-week low of $14.76.

According to TipRanks.com, Berg is a 5-star analyst with an average return of 19.4% and a 55.9% success rate. Berg covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, BigCommerce Holdings, and Tyler Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for WalkMe with a $31.00 average price target, an 84.4% upside from current levels. In a report issued on February 11, Citigroup also maintained a Buy rating on the stock with a $23.00 price target.

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