Analysts Offer Insights on Technology Companies: Amphenol Corp (NYSE: APH), Semtech (NASDAQ: SMTC) and Palo Alto Networks (NYSEArca: PANW)

By Carrie Williams

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Amphenol Corp (NYSE: APH), Semtech (NASDAQ: SMTC) and Palo Alto Networks (NYSEArca: PANW).

Amphenol Corp (NYSE: APH)

RBC Capital analyst Amit Daryanani reiterated a Buy rating on Amphenol Corp (NYSE: APH) yesterday and set a price target of $77. The company’s shares opened today at $74.96, close to its 52-week high of $75.32.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 28.6% and a 90.2% success rate. Daryanani covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Benchmark Electronics, and Applied Materials.

Amphenol Corp has an analyst consensus of Moderate Buy, with a price target consensus of $81.

Semtech (NASDAQ: SMTC)

In a report released yesterday, Mitch Steves from RBC Capital reiterated a Hold rating on Semtech (NASDAQ: SMTC), with a price target of $39. The company’s shares opened today at $36.50, close to its 52-week high of $38.40.

According to TipRanks.com, Steves is a top 100 analyst with an average return of 28.4% and a 86.2% success rate. Steves covers the Technology sector, focusing on stocks such as Benchmark Electronics, Juniper Networks, and Sanmina-Sci Corp.

Semtech has an analyst consensus of Strong Buy, with a price target consensus of $41.75.

Palo Alto Networks (NYSEArca: PANW)

RBC Capital analyst Matthew Hedberg reiterated a Buy rating on Palo Alto Networks (NYSEArca: PANW) today and set a price target of $145. The company’s shares opened today at $133.13.

According to TipRanks.com, Hedberg is a top 25 analyst with an average return of 23.8% and a 77.3% success rate. Hedberg covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Automatic Data Processing, and Interactive Intelligence.

Currently, the analyst consensus on Palo Alto Networks is Moderate Buy and the average price target is $157.08, representing a 18.0% upside.

In a report issued on May 19, Jefferies also upgraded the stock to Buy with a $150 price target.

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