There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on AppLovin (APP – Research Report) and Super Micro Computer (SMCI – Research Report) with bullish sentiments.
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AppLovin (APP)
In a report released today, Rob Sanderson from Loop Capital Markets reiterated a Buy rating on AppLovin, with a price target of $650.00. The company’s shares closed last Friday at $307.58.
According to TipRanks.com, Sanderson is a 5-star analyst with an average return of
AppLovin has an analyst consensus of Moderate Buy, with a price target consensus of $470.41, implying a 61.1% upside from current levels. In a report issued on April 21, HSBC also maintained a Buy rating on the stock with a $436.00 price target.
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Super Micro Computer (SMCI)
Loop Capital Markets analyst Ananda Baruah reiterated a Buy rating on Super Micro Computer today and set a price target of $70.00. The company’s shares closed last Friday at $33.71.
According to TipRanks.com, Baruah is a 5-star analyst with an average return of
Currently, the analyst consensus on Super Micro Computer is a Hold with an average price target of $43.00, representing a 30.5% upside. In a report issued on April 30, Northland Securities also reiterated a Buy rating on the stock with a $70.00 price target.
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