There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Broadcom (AVGO – Research Report), Mimecast (MIME – Research Report) and Harmonic (HLIT – Research Report) with bullish sentiments.
Broadcom (AVGO)
In a report released today, Christopher Rolland from Susquehanna maintained a Buy rating on Broadcom, with a price target of $580.00. The company’s shares closed last Monday at $498.89, close to its 52-week high of $507.85.
According to TipRanks.com, Rolland is a top 100 analyst with an average return of
Currently, the analyst consensus on Broadcom is a Strong Buy with an average price target of $546.06, implying a 9.2% upside from current levels. In a report released yesterday, Rosenblatt Securities also maintained a Buy rating on the stock with a $550.00 price target.
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Mimecast (MIME)
In a report released today, Catharine Trebnick from Colliers Securities reiterated a Buy rating on Mimecast, with a price target of $75.00. The company’s shares closed last Monday at $68.03, close to its 52-week high of $71.30.
According to TipRanks.com, Trebnick is a 4-star analyst with an average return of
Currently, the analyst consensus on Mimecast is a Moderate Buy with an average price target of $69.58, implying a 1.4% upside from current levels. In a report issued on August 23, Northland Securities also maintained a Buy rating on the stock with a $81.00 price target.
Harmonic (HLIT)
Colliers Securities analyst Steve Frankel maintained a Buy rating on Harmonic today and set a price target of $15.00. The company’s shares closed last Monday at $9.15.
According to TipRanks.com, Frankel is a 3-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Harmonic with a $11.83 average price target.
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