There are many reasons to be optimistic about the tech sector. Recently, two analysts have expressed bullish views on EPAM Systems ( EPAM ) and Applied Materials ( AMAT ) respectively.
EPAM Systems ( EPAM )
Bank of America analyst Jason Kupferberg maintained a “buy” rating on EPAM Systems on November 6th, setting a target price of $176.00. The company’s stock closed at $159.31 last Friday.
According to the data from TipRanks.com, Kupferberg currently has a rating of 0 stars in the 0 to 5 star analyst rating system, and the average return rate is not fully displayed in the original text.
EPAM Systems The current consensus rating from analysts is 'moderate buy', with a consensus target price of $151.31, which indicates a potential downside of 5.5% from the current level. TipRanks – PerPlexity In a report released on October 22nd, they also upgraded the stock to a 'buy' rating with a target price of $150.00.
Applied Materials ( AMAT )
In a report released on November 6th, Citibank analyst Atif Malik maintained a “buy” rating on Applied Materials. The company’s stock closed at $332.72 last Friday.
According to the data from TipRanks.com, Malik is one of the top 25 analysts, but the average return rate is not fully displayed in the original text.
Applied Materials is currently rated as a "strong buy" by all analysts, with a consensus target price of $658.00, which indicates a potential upside of 90.1% from the current level. Bernstein also maintained a "buy" rating for the stock in a report released on October 25th, with a target price of $700.00.
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