Analysts Offer Insights on Technology Companies: Varonis Systems (VRNS), ON Semiconductor (ON) and International Business Machines (IBM)
There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Varonis Systems (VRNS), ON Semiconductor (ON) and International Business Machines (IBM) with bullish sentiments.
Varonis Systems (VRNS)
In a report released today, Richard Poland from Wells Fargo maintained a Buy rating on Varonis Systems, with a price target of $53.00. The company’s shares closed last Wednesday at $47.06.
According to TipRanks.com, Poland is a 5-star analyst with an average return of
Currently, the analyst consensus on Varonis Systems is a Moderate Buy with an average price target of $52.65, implying a 10.0% upside from current levels. In a report issued on October 12, RBC Capital also maintained a Buy rating on the stock with a $52.00 price target.
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ON Semiconductor (ON)
In a report released today, John Vinh from KeyBanc maintained a Buy rating on ON Semiconductor, with a price target of $125.00. The company’s shares closed last Wednesday at $73.36.
According to TipRanks.com, Vinh is a top 100 analyst with an average return of
Currently, the analyst consensus on ON Semiconductor is a Moderate Buy with an average price target of $104.53, which is a 39.7% upside from current levels. In a report issued on October 2, TipRanks – PerPlexity also upgraded the stock to Buy with a $89.00 price target.
International Business Machines (IBM)
In a report released today, Wamsi Mohan from Bank of America Securities reiterated a Buy rating on International Business Machines, with a price target of $280.00. The company’s shares closed last Wednesday at $227.88.
According to TipRanks.com, Mohan is a top 25 analyst with an average return of
International Business Machines has an analyst consensus of Moderate Buy, with a price target consensus of $246.35, a 6.6% 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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