Analysts Are Bullish on These Technology Stocks: NXP Semiconductors (NXPI), DZS (DZSI)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on NXP Semiconductors (NXPIResearch Report) and DZS (DZSIResearch Report) with bullish sentiments.

NXP Semiconductors (NXPI)

In a report released today, Rajvindra Gill from Needham assigned a Buy rating to NXP Semiconductors, with a price target of $260.00. The company’s shares closed last Tuesday at $209.89, close to its 52-week high of $216.43.

According to TipRanks.com, Gill is a 5-star analyst with an average return of 18.8% and a 71.0% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies, and Smart Global Holdings.

NXP Semiconductors has an analyst consensus of Strong Buy, with a price target consensus of $238.33, implying a 13.4% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock.

See today’s analyst top recommended stocks >>

DZS (DZSI)

Needham analyst Ryan Koontz maintained a Buy rating on DZS today and set a price target of $21.00. The company’s shares closed last Tuesday at $16.60.

According to TipRanks.com, Koontz is a 5-star analyst with an average return of 22.5% and a 64.4% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, KVH Industries, and RingCentral.

Currently, the analyst consensus on DZS is a Moderate Buy with an average price target of $22.50.

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