Analysts’ Top Technology Picks: GIMO, MRAM

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Gigamon (NYSE: GIMO) and Everspin Technologies Inc (NASDAQ: MRAM) with bullish sentiments.

Gigamon (NYSE: GIMO)

In a report released today, Alex Henderson from Needham reiterated a Buy rating on Gigamon (NYSE: GIMO), with a price target of $50. The company’s shares closed last Friday at $39.30.

According to TipRanks.com, Henderson is a 5-star analyst with an average return of 15.1% and a 55.3% success rate. Henderson covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Riverbed Technology, and Barracuda Networks.

Gigamon has an analyst consensus of Moderate Buy, with a price target consensus of $43.29.

Everspin Technologies Inc (NASDAQ: MRAM)

Stifel Nicolaus analyst Kevin Cassidy reiterated a Buy rating on Everspin Technologies Inc (NASDAQ: MRAM) today and set a price target of $19. The company’s shares closed last Friday at $16.64.

According to TipRanks.com, Cassidy is a top 100 analyst with an average return of 24.7% and a 75.9% success rate. Cassidy covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Synaptics Inc, and Cirrus Logic.

Everspin Technologies Inc has an analyst consensus of Strong Buy, with a price target consensus of $14.33.

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