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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 Advanced Energy (AEISResearch Report), SYNNEX (SNXResearch Report) and Elastic (ESTCResearch Report) with bullish sentiments.

Advanced Energy (AEIS)

In a report released today, Mark Miller from Benchmark Co. maintained a Buy rating on Advanced Energy, with a price target of $110.00. The company’s shares closed last Friday at $84.93, close to its 52-week low of $77.79.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 21.3% and a 60.6% success rate. Miller covers the Technology sector, focusing on stocks such as Axcelis Technologies, Western Digital, and Onto Innovation.

Currently, the analyst consensus on Advanced Energy is a Moderate Buy with an average price target of $105.83.

See the top stocks recommended by analysts >>

SYNNEX (SNX)

Barrington analyst Vincent Colicchio maintained a Buy rating on SYNNEX today and set a price target of $128.00. The company’s shares closed last Friday at $102.74.

According to TipRanks.com, Colicchio is a 5-star analyst with an average return of 16.7% and a 64.2% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Insight Enterprises, and Methode Electronics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SYNNEX with a $146.88 average price target, representing a 41.5% upside. In a report issued on March 28, Bank of America Securities also reiterated a Buy rating on the stock with a $150.00 price target.

Elastic (ESTC)

Monness analyst Brian White maintained a Buy rating on Elastic today and set a price target of $124.00. The company’s shares closed last Friday at $92.26.

According to TipRanks.com, White is a 5-star analyst with an average return of 17.7% and a 64.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Meta Platforms.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Elastic with a $132.45 average price target, representing a 48.7% upside. In a report issued on March 24, Truist Financial also maintained a Buy rating on the stock with a $135.00 price target.

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