Analysts Are Bullish on Top Technology Stocks: Microchip (MCHP), N-able, Inc. (NABL)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Microchip (MCHPResearch Report) and N-able, Inc. (NABLResearch Report) with bullish sentiments.

Microchip (MCHP)

In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Microchip, with a price target of $210.00. The company’s shares closed last Tuesday at $146.82.

According to TipRanks.com, Gill is a 5-star analyst with an average return of 19.3% 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.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Microchip with a $186.40 average price target, representing a 27.9% upside. In a report issued on August 2, Morgan Stanley also maintained a Buy rating on the stock with a $177.00 price target.

See today’s analyst top recommended stocks >>

N-able, Inc. (NABL)

Needham analyst Mike Cikos initiated coverage with a Buy rating on N-able, Inc. today and set a price target of $17.00. The company’s shares closed last Tuesday at $14.22.

According to TipRanks.com, Cikos is a 4-star analyst with an average return of 79.0% and a 77.8% success rate. Cikos covers the Technology sector, focusing on stocks such as Ping Identity Holding, Tenable Holdings, and Cognyte Software.

N-able, Inc. has an analyst consensus of Moderate Buy, with a price target consensus of $17.50.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.