Analysts have recently provided new ratings for companies in the Technology sector, including Arista Networks (ANET), Kinetik (KNTK), and Amazon (AMZN).
For Arista Networks (ANET), Tal Liani from Bank of America Securities reiterated a Buy rating on the stock with a price target of $225.00. The company’s shares closed last Friday at $206.84, near its 52-week high of $216.29. Liani, a 5-star analyst according to TipRanks.com, has an average return of 8.4% and a success rate of 58.6%. Liani focuses on the Technology sector and covers stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software. The general consensus among analysts is a Strong Buy rating for Arista Networks, with an average price target of $221.27, representing a 6.1% upside from current levels. Morgan Stanley also upgraded the stock to Buy with a $220.00 price target.
Moving on to Kinetik (KNTK), Michael Blum from Wells Fargo maintained a Hold rating on the stock with a price target of $39.00. The company’s shares closed last Friday at $34.55. Blum, a 5-star analyst, has an average return of 8.3% and a success rate of 60.4%. Blum focuses on the NA sector and covers stocks such as Enterprise Products Partners, Equitrans Midstream, and Targa Resources. The analyst consensus on Kinetik is currently a Moderate Buy with an average price target of $38.57.
As for Amazon (AMZN), Justin Post from Bank of America Securities maintained a Buy rating on the stock with a price target of $168.00. The company’s shares closed last Friday at $143.56, close to its 52-week high of $145.86. Post, a top 25 analyst, has an average return of 20.3% and a success rate of 67.6%. Post focuses on the Technology sector and covers stocks such as Peloton Interactive, Uber Technologies, and Alphabet Class A. The analyst consensus for Amazon is Strong Buy, with a price target consensus of $175.51, representing a 25.0% upside from current levels. HSBC also initiated coverage with a Buy rating on the stock and a $160.00 price target.
For more information on these stocks and other top recommendations by analysts, visit TipRanks.com.
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