Analysts Are Bullish on Top Technology Stocks: Nvidia (NVDA), Salesforce (CRM)
There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Nvidia (NVDA – Research Report), Salesforce (CRM – Research Report) and SentinelOne (S – Research Report) with bullish sentiments.
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Nvidia (NVDA)
In a report released today, Ananda Baruah from Loop Capital Markets reiterated a Buy rating on Nvidia, with a price target of $175.00. The company's shares closed last Wednesday at $134.81.
According to TipRanks.com, Baruah is a 5-star analyst with an average return of 10.6% and a 52.6% success rate. Baruah covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, Hewlett Packard Enterprise, and Super Micro Computer. ;'>
Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $170.42, which is a 25.3% upside from current levels. In a report issued on May 14, DBS also maintained a Buy rating on the stock with a $160.00 price target.
Salesforce (CRM)
In a report released today, Richard Baldry from Roth MKM maintained a Buy rating on Salesforce, with a price target of $395.00. The company's shares closed last Wednesday at $276.03.
According to TipRanks.com, Baldry is a 5-star analyst with an average return of 16.8% and a 57.6% success rate. Baldry covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Synchronoss Technologies, and FiscalNote Holdings. ;'>
Currently, the analyst consensus on Salesforce is a Moderate Buy with an average price target of $352.26, which is a 26.8% upside from current levels. In a report issued on May 15, Bank of America Securities also maintained a Buy rating on the stock with a $350.00 price target.
SentinelOne (S)
In a report released today, Yun Kim from Loop Capital Markets maintained a Buy rating on SentinelOne, with a price target of $30.00. The company's shares closed last Wednesday at $19.67.
According to TipRanks.com, Kim is a 5-star analyst with an average return of 13.3% and a 60.9% success rate. Kim covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, ServiceTitan, Inc. Class A, and Klaviyo, Inc. Class A. ;'>
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SentinelOne with a $24.59 average price target, which is a 23.6% upside from current levels. In a report issued on May 20, Guggenheim also maintained a Buy rating on the stock with a $28.00 price target.
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