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Analysts Are Bullish on These Technology Stocks: Jabil (JBL), Applied Materials (AMAT)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Jabil (JBLResearch Report) and Applied Materials (AMATResearch Report) with bullish sentiments.

Jabil (JBL)

In a report released today, Ruplu Bhattacharya from Bank of America Securities maintained a Buy rating on Jabil, with a price target of $150.00. The company’s shares closed last Monday at $118.32.

According to TipRanks.com, Bhattacharya is a 1-star analyst with an average return of -5.4% and a 49.4% success rate. Bhattacharya covers the Technology sector, focusing on stocks such as Vishay Intertechnology, TD SYNNEX Corporation, and Super Micro Computer.

Jabil has an analyst consensus of Strong Buy, with a price target consensus of $149.00, which is a 23.3% upside from current levels. In a report issued on April 19, Stifel Nicolaus also maintained a Buy rating on the stock with a $140.00 price target.

See the top stocks recommended by analysts >>

Applied Materials (AMAT)

In a report released today, Vivek Arya from Bank of America Securities maintained a Buy rating on Applied Materials. The company’s shares closed last Monday at $188.71.

According to TipRanks.com, Arya is a top 25 analyst with an average return of 22.9% and a 66.4% success rate. Arya covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Micro Devices, and ARM Holdings PLC ADR.

Currently, the analyst consensus on Applied Materials is a Strong Buy with an average price target of $228.55, which is a 19.3% upside from current levels. In a report issued on April 11, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $225.00 price target.

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Read More on JBL:

Needham העלו את מחיר היעד שלהם עבור Lam Research ל-1,030 דולר, מ-900 דולר, וממשיכים להמליץ על רכישת המניה

Needham העלו את מחיר היעד שלהם עבור Lam Research ל-1,030 דולר, מ-900 דולר, וממשיכים להמליץ על רכישת המניה. הם מאמינים שהתמקדות בתעשיית ציוד ייצור פרוסות הסיליקון (WFE) תעבור יותר לעבר