There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Pixelworks (NASDAQ: PXLW) and Salesforce.com (NYSE: CRM) with bullish sentiments.
Pixelworks (NASDAQ: PXLW)
Roth Capital analyst Brian Alger reiterated a Buy rating on Pixelworks (NASDAQ: PXLW) today and set a price target of $6.50. The company’s shares opened today at $5.87, close to its 52-week high of $6.22.
According to TipRanks.com, Alger is a top 100 analyst with an average return of 39.1% and a 67.0% success rate. Alger covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Dot Hill Systems Corp, and Super Micro Computer.
Pixelworks has an analyst consensus of Moderate Buy, with a price target consensus of $6.50.
Salesforce.com (NYSE: CRM)
In a report released today, Richard Baldry from Roth Capital reiterated a Buy rating on Salesforce.com (NYSE: CRM), with a price target of $103. The company’s shares opened today at $90.95, close to its 52-week high of $91.
According to TipRanks.com, Baldry is a 5-star analyst with an average return of 16.5% and a 68.6% success rate. Baldry covers the Technology sector, focusing on stocks such as Sapiens International Corporation, Interactive Intelligence, and Resaas Services Inc.
Currently, the analyst consensus on Salesforce.com is Strong Buy and the average price target is $96.38, representing a 6.0% upside.
In a report issued on May 12, Piper Jaffray also maintained a Buy rating on the stock with a $100 price target.
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