Analysts Favor Top Tech Stocks QTWO, AAPL, and ON
Top analysts have weighed in on several tech stocks, offering bullish sentiments for Q2 Holdings (QTWO), Apple (AAPL), and ON Semiconductor (ON).
Ella Smith from J.P. Morgan maintained a Buy rating on QTWO with a price target of $72.00, citing the company's shares closed last Wednesday at $59.55.
TipRanks.com rates Smith as a 2-star analyst with an average return of 0.5% and a 55.6% success rate, covering the Technology sector including Alkami Technology, Par Technology, and nCino.
The analyst consensus for QTWO is Strong Buy, with a price target consensus of $76.30, representing a 29.0% upside from current levels.
Piper Sandler initiated coverage with a Buy rating on the stock with a $82.00 price target in a report issued on September 11.
Bank of America Securities analyst Wamsi Mohan reiterated a Buy rating on Apple today, setting a price target of $370.00, as the company's shares closed last Wednesday at $332.41.
TipRanks.com rates Mohan as a top 25 analyst with an average return of 49.3% and a 64.6% success rate, covering stocks such as Hewlett Packard Enterprise, DigitalOcean Holdings, and Dell Technologies.
Apple has an analyst consensus of Moderate Buy, with a price target consensus of $336.11, representing a 1.1% upside.
Morgan Stanley maintained a Buy rating on the stock with a $360.00 price target in a report issued on September 2.
Vivek Arya from Bank of America Securities maintained a Buy rating on ON Semiconductor, with a price target of $120.00, as the company's shares closed last Wednesday at $66.60.
TipRanks.com rates Arya as a 5-star analyst with an average return of 22.6% and a 57.1% success rate, covering stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and ARM Holdings PLC ADR.
ON Semiconductor has an analyst consensus of Moderate Buy, with a price target consensus of $107.61, implying a 44.8% upside from current levels.