Analysts’ Top Technology Picks: SPLK, TTMI

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Splunk Inc. (NASDAQ: SPLK) and TTM Technologies (NASDAQ: TTMI) with bullish sentiments.

Splunk Inc. (NASDAQ: SPLK)

In a report released today, Steven Koenig from Wedbush reiterated a Buy rating on Splunk Inc. (NASDAQ: SPLK), with a price target of $75. The company’s shares closed yesterday at $57.38.

According to TipRanks.com, Koenig is a 4-star analyst with an average return of 5.1% and a 48.9% success rate. Koenig covers the Technology sector, focusing on stocks such as Progress Software Corp., Informatica Corp., and Ultimate Software.

Currently, the analyst consensus on Splunk Inc. is Moderate Buy and the average price target is $68.13, representing a 18.7% upside.

In a report issued on November 22, BMO Capital also reiterated a Buy rating on the stock with a $66 price target.
TTM Technologies (NASDAQ: TTMI)

Stifel Nicolaus analyst Matthew Sheerin reiterated a Buy rating on TTM Technologies (NASDAQ: TTMI) today and set a price target of $15. The company’s shares closed yesterday at $13.99, close to its 52-week high of $15.

According to TipRanks.com, Sheerin is a 4-star analyst with an average return of 14.6% and a 65.9% success rate. Sheerin covers the Technology sector, focusing on stocks such as Vishay Intertechnology, Motorola Solutions, and Amphenol Corp.

TTM Technologies has an analyst consensus of Strong Buy, with a price target consensus of $14.50.