There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Magic (MGIC – Research Report), Applied Materials (AMAT – Research Report) and Intuit (INTU – Research Report) with bullish sentiments.
Magic (MGIC)
Barclays analyst Tavy Rosner maintained a Buy rating on Magic today and set a price target of $14.00. The company’s shares closed last Thursday at $11.71.
According to TipRanks.com, Rosner is a 4-star analyst with an average return of
Magic has an analyst consensus of Moderate Buy, with a price target consensus of $18.00.
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Applied Materials (AMAT)
In a report released yesterday, Mark Lipacis from Evercore ISI maintained a Buy rating on Applied Materials, with a price target of $260.00. The company’s shares closed last Thursday at $214.03, close to its 52-week high of $218.75.
According to TipRanks.com, Lipacis is a top 25 analyst with an average return of
Currently, the analyst consensus on Applied Materials is a Moderate Buy with an average price target of $231.76, a 6.2% upside from current levels. In a report released today, TD Cowen also reiterated a Buy rating on the stock with a $250.00 price target.
Intuit (INTU)
Wells Fargo analyst Michael Turrin maintained a Buy rating on Intuit yesterday and set a price target of $725.00. The company’s shares closed last Thursday at $653.37, close to its 52-week high of $671.01.
According to TipRanks.com, Turrin is ranked 0 out of 5 stars with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Intuit with a $712.52 average price target, representing an 8.8% upside. In a report issued on May 3, Citi also maintained a Buy rating on the stock with a $744.00 price target.
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