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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 Workday (WDAYResearch Report), Rocket Lab USA (RKLBResearch Report) and Broadcom (AVGOResearch Report) with bullish sentiments.

Workday (WDAY)

Deutsche Bank analyst Brad Zelnick maintained a Buy rating on Workday on February 28 and set a price target of $340.00. The company’s shares closed last Monday at $244.23.

According to TipRanks.com, Zelnick is a top 100 analyst with an average return of 19.8% and a 72.9% success rate. Zelnick covers the Technology sector, focusing on stocks such as Qualtrics International, ZoomInfo Technologies, and Palantir Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Workday with a $310.50 average price target, a 30.8% upside from current levels. In a report issued on February 22, Monness also maintained a Buy rating on the stock with a $320.00 price target.

See the top stocks recommended by analysts >>

Rocket Lab USA (RKLB)

In a report issued on March 1, Edison Yu from Deutsche Bank reiterated a Buy rating on Rocket Lab USA, with a price target of $18.00. The company’s shares closed last Monday at $7.64, close to its 52-week low of $7.51.

According to TipRanks.com, Yu is ranked #7572 out of 7918 analysts.

Currently, the analyst consensus on Rocket Lab USA is a Strong Buy with an average price target of $17.33, which is an 114.6% upside from current levels. In a report issued on February 23, Roth Capital also initiated coverage with a Buy rating on the stock with a $20.00 price target.

Broadcom (AVGO)

In a report issued on March 3, Ross Seymore from Deutsche Bank maintained a Buy rating on Broadcom, with a price target of $700.00. The company’s shares closed last Monday at $632.88.

According to TipRanks.com, Seymore is a top 25 analyst with an average return of 28.4% and a 81.8% success rate. Seymore covers the Technology sector, focusing on stocks such as Advanced Micro Devices, indie Semiconductor, and Power Integrations.

Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $713.00, which is a 13.9% upside from current levels. In a report issued on February 24, Oppenheimer also reiterated a Buy rating on the stock with a $720.00 price target.

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