Analysts Bullish on Tech Stocks: BYD Electronic, Block, and Microsoft
Several analysts are expressing optimism regarding the technology sector, issuing ‘Buy’ ratings for BYD Electronic (International) Co (BYDIF), Block (XYZ), and Microsoft (MSFT). This analysis, based on recent reports, highlights the potential for growth within these companies.
BYD Electronic (International) Co (BYDIF)
Alex NG from CMB International Securities maintained a Buy rating on BYD Electronic (International) Co, with a price target of HK$48.66. The stock closed last Monday at $6.20. According to TipRanks.com, NG is a top-rated analyst. The consensus among analysts is a ‘Strong Buy’ for BYD Electronic (International) Co, with an average price target of $8.06, suggesting a potential upside of 34.9%. Additionally, DBS also maintained a Buy rating on the stock with a HK$70.00 price target.
Block (XYZ)
Daniel Perlin from RBC Capital maintained a Buy rating for Block, setting a price target of $86.00. The shares closed last Monday at $62.58. Based on TipRanks.com data, Perlin currently holds a 0 ranking with an average return of -8.6% and a 37.9% success rate. Presently, the analyst consensus on Block is a ‘Strong Buy’ with an average price target of $96.35, implying a 54.5% increase from current levels. KBW also upgraded the stock to Buy with an $80.00 price target on March 18.
Microsoft (MSFT)
Kash Rangan from Goldman Sachs reiterated a Buy rating on Microsoft, with a price target of $500.00. The company’s shares closed last Monday at $393.08. According to TipRanks.com, Rangan is a prominent analyst. The analyst consensus for Microsoft is a ‘Strong Buy’, with a price target consensus of $511.76, representing a 29.4% potential upside. UBS also maintained a Buy rating on the stock, with a $510.00 price target.
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