Analysts Offer Insights on Technology Companies: CoStar Group (NASDAQ: CSGP), Alphabet Class A (NASDAQ: GOOGL) and Monolithic Power (NASDAQ: MPWR)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on CoStar Group (CSGPResearch Report), Alphabet Class A (GOOGLResearch Report) and Monolithic Power (MPWRResearch Report) with bullish sentiments.

CoStar Group (CSGP)

In a report released today, Mayank Tandon from Needham maintained a Buy rating on CoStar Group, with a price target of $105.00. The company’s shares closed last Tuesday at $89.02.

According to TipRanks.com, Tandon is a 5-star analyst with an average return of 23.4% and a 65.0% success rate. Tandon covers the Technology sector, focusing on stocks such as Bottomline Technologies, Duck Creek Technologies, and Grid Dynamics Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CoStar Group with a $107.00 average price target, implying a 20.3% upside from current levels. In a report issued on July 21, Stephens also initiated coverage with a Buy rating on the stock with a $109.00 price target.

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Alphabet Class A (GOOGL)

Wells Fargo analyst Brian Fitzgerald reiterated a Buy rating on Alphabet Class A today. The company’s shares closed last Tuesday at $2638.00, close to its 52-week high of $2687.98.

According to TipRanks.com, Fitzgerald is a top 25 analyst with an average return of 36.5% and a 75.5% success rate. Fitzgerald covers the Technology sector, focusing on stocks such as Uber Technologies, LiveRamp Holdings, and Momentive Global.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphabet Class A with a $2953.46 average price target, implying a 10.0% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $3000.00 price target.

Monolithic Power (MPWR)

Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Monolithic Power today and set a price target of $470.00. The company’s shares closed last Tuesday at $407.26, close to its 52-week high of $417.31.

According to TipRanks.com, Mosesmann is a top 100 analyst with an average return of 27.7% and a 70.1% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Texas Instruments, and Lattice Semicon.

Monolithic Power has an analyst consensus of Strong Buy, with a price target consensus of $435.83, representing a 5.9% upside. In a report issued on July 21, Oppenheimer also maintained a Buy rating on the stock with a $450.00 price target.

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