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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 3 analysts just weighed in on Smartsheet (SMARResearch Report), L3Harris Technologies (LHXResearch Report) and TransUnion (TRUResearch Report) with bullish sentiments.

Smartsheet (SMAR)

In a report released today, Brent Thill from Jefferies maintained a Buy rating on Smartsheet, with a price target of $75.00. The company’s shares closed last Tuesday at $43.49, close to its 52-week low of $41.65.

According to TipRanks.com, Thill is a 3-star analyst with an average return of 2.5% and a 39.4% success rate. Thill covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palantir Technologies, and Procore Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Smartsheet with a $67.85 average price target, implying a 58.2% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $70.00 price target.

See the top stocks recommended by analysts >>

L3Harris Technologies (LHX)

In a report released yesterday, Sheila Kahyaoglu from Jefferies maintained a Buy rating on L3Harris Technologies, with a price target of $320.00. The company’s shares closed last Tuesday at $258.11.

According to TipRanks.com, Kahyaoglu is a 4-star analyst with an average return of 6.7% and a 62.3% success rate. Kahyaoglu covers the Technology sector, focusing on stocks such as Raytheon Technologies, Science Applications, and Caci International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for L3Harris Technologies with a $267.33 average price target, a 6.5% upside from current levels. In a report issued on March 7, Wells Fargo also maintained a Buy rating on the stock with a $291.00 price target.

TransUnion (TRU)

In a report released today, Hamzah Mazari from Jefferies upgraded TransUnion to Buy, with a price target of $138.00. The company’s shares closed last Tuesday at $98.52.

According to TipRanks.com, Mazari is a 4-star analyst with an average return of 8.5% and a 56.7% success rate. Mazari covers the Services sector, focusing on stocks such as PureCycle Technologies, Republic Services, and Waste Connections.

Currently, the analyst consensus on TransUnion is a Moderate Buy with an average price target of $118.67, implying a 21.8% upside from current levels. In a report issued on March 11, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $119.00 price target.

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