Analysts Are Bullish on Top Technology Stocks: KLA (KLAC), Broadcom (AVGO)

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There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on KLA (KLACResearch Report), Broadcom (AVGOResearch Report) and Palo Alto Networks (PANWResearch Report) with bullish sentiments.

KLA (KLAC)

J.P. Morgan analyst Harlan Sur reiterated a Buy rating on KLA today and set a price target of $800.00. The company’s shares closed last Monday at $794.38, close to its 52-week high of $795.98.

According to TipRanks.com, Sur is a top 100 analyst with an average return of 25.6% and a 69.4% success rate. Sur covers the Technology sector, focusing on stocks such as Advanced Micro Devices, ARM Holdings PLC ADR, and NXP Semiconductors.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for KLA with a $780.19 average price target, representing a 2.5% upside. In a report issued on June 3, Wells Fargo also maintained a Buy rating on the stock with a $860.00 price target.

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Broadcom (AVGO)

Citi analyst Christopher Danely reiterated a Buy rating on Broadcom today and set a price target of $1560.00. The company’s shares closed last Monday at $1440.47, close to its 52-week high of $1449.05.

According to TipRanks.com, Danely is a 5-star analyst with an average return of 12.5% and a 64.5% success rate. Danely covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Texas Instruments.

Broadcom has an analyst consensus of Strong Buy, with a price target consensus of $1590.42, implying a 12.8% upside from current levels. In a report issued on June 3, Melius Research also initiated coverage with a Buy rating on the stock with a $1850.00 price target.

Palo Alto Networks (PANW)

Morgan Stanley analyst Hamza Fodderwala maintained a Buy rating on Palo Alto Networks today and set a price target of $360.00. The company’s shares closed last Monday at $309.05.

According to TipRanks.com, Fodderwala is a 1-star analyst with an average return of -1.9% and a 45.0% success rate. Fodderwala covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, CyberArk Software, and Varonis Systems.

Palo Alto Networks has an analyst consensus of Strong Buy, with a price target consensus of $340.97, implying a 13.9% upside from current levels. In a report issued on May 29, Argus Research also maintained a Buy rating on the stock with a $348.00 price target.

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