Analysts’ Opinions Are Mixed on These Technology Stocks: Cisco Systems (NASDAQ: CSCO) and First Solar (NASDAQ: FSLR)

By Jason Carr

Analysts have been eager to weigh in on the Technology sector with new ratings on Cisco Systems (NASDAQ: CSCO) and First Solar (NASDAQ: FSLR).

Cisco Systems (NASDAQ: CSCO)

Oppenheimer analyst Ittai Kidron assigned a Buy rating to Cisco Systems (NASDAQ: CSCO) yesterday and set a price target of $34. The company’s shares closed yesterday at $31.57, close to its 52-week high of $31.95.

According to TipRanks.com, Kidron is a 1-star analyst with an average return of -0.3% and a 52.9% success rate. Kidron covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Advanced Micro Devices, and Riverbed Technology.

Currently, the analyst consensus on Cisco Systems is Moderate Buy and the average price target is $33.97, representing a 7.6% upside.

In a report issued on November 2, Robert W. Baird also reiterated a Buy rating on the stock.
First Solar (NASDAQ: FSLR)

Oppenheimer analyst Colin Rusch assigned a Hold rating to First Solar (NASDAQ: FSLR) yesterday. The company’s shares closed yesterday at $32.82, close to its 52-week low of $30.85.

According to TipRanks.com, Rusch is a 4-star analyst with an average return of 5.9% and a 44.4% success rate. Rusch covers the Technology sector, focusing on stocks such as Trimble Navigation Limited, SolarEdge Technologies, and Ultra Clean Holdings.

Currently, the analyst consensus on First Solar is Hold and the average price target is $43, representing a 31.0% upside.

In a report issued on November 3, Roth Capital also downgraded the stock to Hold.