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 2 analysts just weighed in on Palo Alto Networks (PANWResearch Report) and Nvidia (NVDAResearch Report) with bullish sentiments.

Palo Alto Networks (PANW)

In a report released yesterday, Trevor J. Walsh from JMP Securities maintained a Buy rating on Palo Alto Networks, with a price target of $380.00. The company’s shares closed last Tuesday at $301.54.

According to TipRanks.com, Walsh is a 5-star analyst with an average return of 15.3% and a 56.3% success rate. Walsh covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Tyler Technologies, and SoundThinking Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Palo Alto Networks with a $333.24 average price target, an 11.5% upside from current levels. In a report issued on April 29, Morgan Stanley also maintained a Buy rating on the stock with a $360.00 price target.

See the top stocks recommended by analysts >>

Nvidia (NVDA)

Wells Fargo analyst Aaron Rakers maintained a Buy rating on Nvidia yesterday and set a price target of $1150.00. The company’s shares closed last Tuesday at $913.56, close to its 52-week high of $974.00.

According to TipRanks.com, Rakers is a top 100 analyst with an average return of 26.9% and a 68.8% success rate. Rakers covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Keysight Technologies.

Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $1025.97, a 14.5% upside from current levels. In a report issued on April 30, UBS also maintained a Buy rating on the stock with a $1150.00 price target.

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