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Analysts Offer Insights on Technology Companies: TSMC (TSM), Manhattan Associates (MANH) and International Business Machines (IBM)

Tipranks - Tipranks - Tue Oct 13, 5:02AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on TSMC (TSM), Manhattan Associates (MANH) and International Business Machines (IBM) with bullish sentiments.

TSMC (TSM)

Bank of America Securities analyst Haas Liu reiterated a Buy rating on TSMC today and set a price target of $3260.00. The company’s shares closed last Friday at $453.31.

Liu has an average return of 22.7% when recommending TSMC. ;'>

According to TipRanks.com, Liu is ranked #3103 out of 12533 analysts.

Currently, the analyst consensus on TSMC is a Strong Buy with an average price target of $883.00, implying a 90.2% upside from current levels. In a report issued on October 6, Barclays also maintained a Buy rating on the stock with a $665.00 price target.

See the top stocks recommended by analysts >>

Manhattan Associates (MANH)

Manhattan Associates received a Buy rating and a $250.00 price target from Morgan Stanley analyst Chris Quintero yesterday. The company’s shares closed last Friday at $204.89.

According to TipRanks.com, Quintero is a 1-star analyst with an average return of -3.3% and a 35.4% success rate. Quintero covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, The Descartes Systems Group, and Bill.com Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Manhattan Associates with a $228.86 average price target.

International Business Machines (IBM)

Barclays analyst Raimo Lenschow maintained a Buy rating on International Business Machines today and set a price target of $262.00. The company’s shares closed last Friday at $227.13.

According to TipRanks.com, Lenschow is a 5-star analyst with an average return of 10.2% and a 54.7% success rate. Lenschow covers the Technology sector, focusing on stocks such as The Descartes Systems Group, DigitalOcean Holdings, and Klaviyo, Inc. Class A. ;'>

International Business Machines has an analyst consensus of Moderate Buy, with a price target consensus of $250.45, implying a 10.9% upside from current levels. In a report issued on October 6, Yorkville Ives & Co also initiated coverage with a Buy rating on the stock with a $275.00 price target.

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