Analysts Offer Insights on Technology Companies: Sina Corp (NASDAQ: SINA) and VMware (NYSE: VMW)

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Sina Corp (NASDAQ: SINA) and VMware (NYSE: VMW) with bullish sentiments.

Sina Corp (NASDAQ: SINA)

Jefferies analyst Karen Chan reiterated a Buy rating on Sina Corp (NASDAQ: SINA) on August 10 and set a price target of $137. The company’s shares closed yesterday at $95.29, close to its 52-week high of $102.35.

According to TipRanks.com, Chan is a 5-star analyst with an average return of 24.5% and a 89.5% success rate. Chan covers the Technology sector, focusing on stocks such as Facebook Inc, Alphabet Inc, and NetEase Inc.

Sina Corp has an analyst consensus of Moderate Buy, with a price target consensus of $114.50.

VMware (NYSE: VMW)

In a report released yesterday, John Difucci from Jefferies reiterated a Buy rating on VMware (NYSE: VMW), with a price target of $116. The company’s shares closed yesterday at $91.95.

According to TipRanks.com, Difucci is a top 100 analyst with an average return of 16.0% and a 70.4% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Callidus Software, and CommVault Systems.

Currently, the analyst consensus on VMware is Moderate Buy and the average price target is $105, representing a 14.2% upside.

In a report issued on August 3, Stifel Nicolaus also reiterated a Buy rating on the stock with a $109 price target.

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