Analysts Offer Insights on Technology Companies: Alphabet Inc (NASDAQ: GOOGL) and NetEase Inc (NASDAQ: NTES)

By Ryan Adsit

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Alphabet Inc (NASDAQ: GOOGL) and NetEase Inc (NASDAQ: NTES) with bullish sentiments.

Alphabet Inc (NASDAQ: GOOGL)

Monness analyst Brian White assigned a Buy rating to Alphabet Inc (NASDAQ: GOOGL) today and set a price target of $1306. The company’s shares opened today at $1081.46.

According to TipRanks.com, White is a top 100 analyst with an average return of 17.0% and a 68.5% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Cloudera Inc, and Oracle Corp.

Currently, the analyst consensus on Alphabet Inc is Strong Buy and the average price target is $1211.70, representing a 12.0% upside.

In a report issued on May 3, Fundamental Research also initiated coverage with a Buy rating on the stock with a $0.84 price target.

See today’s analyst top recommended stocks >>

NetEase Inc (NASDAQ: NTES)

Benchmark Co. analyst Fawne Jiang reiterated a Buy rating on NetEase Inc (NASDAQ: NTES) today and set a price target of $340. The company’s shares opened today at $250.86, close to its 52-week low of $240.07.

According to TipRanks.com, Jiang is a top 100 analyst with an average return of 27.2% and a 66.8% success rate. Jiang covers the Technology sector, focusing on stocks such as 58com Inc, YY Inc, and Baidu.

NetEase Inc has an analyst consensus of Hold, with a price target consensus of $310.17.

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