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Analysts Offer Insights on Technology Companies: Hewlett Packard Enterprise (HPE), International Business Machines (IBM) and IMPINJ (PI)

Tipranks - Tipranks - Wed Oct 14, 6:22AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Hewlett Packard Enterprise (HPE), International Business Machines (IBM) and IMPINJ (PI).

Hewlett Packard Enterprise (HPE)

Bernstein analyst Mark Newman maintained a Hold rating on Hewlett Packard Enterprise today and set a price target of $62.00. The company’s shares closed last Monday at $70.33.

According to TipRanks.com, Newman is a 5-star analyst with an average return of 85.6% and a 72.3% success rate. Newman covers the Technology sector, focusing on stocks such as Sunny Optical Technology (Group) Co, International Business Machines, and Super Micro Computer. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hewlett Packard Enterprise with a $73.94 average price target, a 1.5% upside from current levels. In a report issued on October 1, Piper Sandler also maintained a Hold rating on the stock with a $70.00 price target.

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

International Business Machines (IBM)

RBC Capital analyst Matthew Swanson maintained a Buy rating on International Business Machines yesterday and set a price target of $270.00. The company’s shares closed last Monday at $227.02.

According to TipRanks.com, Swanson is a 2-star analyst with an average return of 0.2% and a 44.9% success rate. Swanson covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Digital Turbine, and Thryv Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for International Business Machines with a $250.45 average price target, which is a 9.7% 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.

IMPINJ (PI)

BMO Capital analyst Harsh Kumar reiterated a Buy rating on IMPINJ today and set a price target of $220.00. The company’s shares closed last Monday at $190.04.

According to TipRanks.com, Kumar is a top 25 analyst with an average return of 46.9% and a 73.9% success rate. Kumar covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and Analog Devices. ;'>

IMPINJ has an analyst consensus of Strong Buy, with a price target consensus of $184.63, implying a -2.7% downside from current levels. In a report released yesterday, Barclays also assigned a Buy rating to the stock with a $200.00 price target.

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