In the world of technology, there is reason to be optimistic as two analysts recently shared their positive views on Amazon (AMZN) and Intuit (INTU).
Starting with Amazon, James Lee, an analyst from Mizuho Securities, maintained a Buy rating on the company and set a price target of $180.00. This comes as Amazon’s shares closed at $134.24, near its 52-week high of $143.63. Lee, a 5-star analyst according to TipRanks.com, has an impressive average return of 8.3% and a success rate of 57.8%. He focuses on the Technology sector and covers stocks such as Trip.com Group Ltd., Uber Technologies, and Alphabet Class A. The general sentiment on Wall Street is also positive, with a Strong Buy analyst consensus rating for Amazon and an average price target of $174.63, suggesting a 31.1% upside.
Moving on to Intuit, Siti Panigrahi, another analyst from Mizuho Securities, maintained a Buy rating on the company and set a price target of $550.00. Intuit’s shares closed at $487.00. Panigrahi, although ranked 0 out of 5 stars by TipRanks.com, covers the Technology sector and focuses on stocks such as Zoom Video Communications, ZoomInfo Technologies, and Ceridian HCM Holding. The analyst consensus on Intuit is also a Strong Buy, with an average price target of $523.35, indicating a 7.7% upside.
For more insights and top stock recommendations from analysts, you can visit TipRanks.com.
Overall, these bullish sentiments from analysts indicate positive prospects for both Amazon and Intuit in the Technology sector.