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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 Ciena (CIENResearch Report), Cognizant (CTSHResearch Report) and Kopin (KOPNResearch Report) with bullish sentiments.

Ciena (CIEN)

Evercore ISI analyst Amit Daryanani reiterated a Buy rating on Ciena yesterday and set a price target of $75.00. The company’s shares closed last Tuesday at $58.22.

According to TipRanks.com, Daryanani is a 5-star analyst with an average return of 9.4% and a 55.0% success rate. Daryanani covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Rackspace Technology.

Currently, the analyst consensus on Ciena is a Strong Buy with an average price target of $81.64, which is a 39.1% upside from current levels. In a report issued on March 7, Needham also maintained a Buy rating on the stock with a $88.00 price target.

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Cognizant (CTSH)

In a report issued on March 7, David Koning from Robert W. Baird maintained a Buy rating on Cognizant, with a price target of $100.00. The company’s shares closed last Tuesday at $87.48.

According to TipRanks.com, Koning is a 5-star analyst with an average return of 8.9% and a 62.4% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.

Currently, the analyst consensus on Cognizant is a Moderate Buy with an average price target of $96.45.

Kopin (KOPN)

H.C. Wainwright analyst Kevin Dede maintained a Buy rating on Kopin today and set a price target of $6.00. The company’s shares closed last Tuesday at $2.68, close to its 52-week low of $2.24.

According to TipRanks.com, Dede is a 3-star analyst with an average return of 1.9% and a 34.8% success rate. Dede covers the Technology sector, focusing on stocks such as HIVE Blockchain Technologies, Summit Wireless Technologies, and Mawson Infrastructure Group.

Currently, the analyst consensus on Kopin is a Moderate Buy with an average price target of $6.00.

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