Analysts Are Bullish on These Technology Stocks: Formfactor (FORM), Alkami Technology (ALKT)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Formfactor (FORM – Research Report), Alkami Technology (ALKT – Research Report) and QuickLogic (QUIK – Research Report) with bullish sentiments.

Formfactor (FORM)

Craig-Hallum analyst Christian Schwab reiterated a Buy rating on Formfactor today and set a price target of $60.00. The company’s shares closed last Wednesday at $43.99.

According to TipRanks.com, Schwab is a 5-star analyst with an average return of 15.1% and a 58.1% success rate. Schwab covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and Axcelis Technologies.

Currently, the analyst consensus on Formfactor is a Moderate Buy with an average price target of $51.29, representing a 16.0% upside. In a report released today, Needham also maintained a Buy rating on the stock with a $53.00 price target.

See today’s best-performing stocks on TipRanks >>

Alkami Technology (ALKT)

In a report released today, Jeff Van Rhee from Craig-Hallum maintained a Buy rating on Alkami Technology, with a price target of $31.00. The company’s shares closed last Wednesday at $24.40, close to its 52-week high of $26.75.

According to TipRanks.com, Rhee is a 4-star analyst with an average return of 7.0% and a 45.1% success rate. Rhee covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, BlackSky Technology, and Upland Software.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alkami Technology with a $30.17 average price target, a 24.8% upside from current levels. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $30.00 price target.

QuickLogic (QUIK)

In a report released today, Richard Shannon from Craig-Hallum maintained a Buy rating on QuickLogic. The company’s shares closed last Wednesday at $14.11.

According to TipRanks.com, Shannon is a 3-star analyst with an average return of 2.9% and a 41.2% success rate. Shannon covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Everspin Technologies, and Navitas Semiconductor.

QuickLogic has an analyst consensus of Moderate Buy, with a price target consensus of $16.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on FORM:

• FormFactor price target raised to $42 from $36 at Stifel
• FORM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
• FormFactor initiated with an In Line at Evercore ISI
• FormFactor to Announce First Quarter 2024 Financial Results on May 1st
• FormFactor Earns Intel’s 2024 EPIC Distinguished Supplier Award