January 26, 2023

Wall Street Analysts Are Bullish on Top Technology Picks

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on General Dynamics (GD – Research Report) and Teledyne Technologies (TDY – Research Report) with bullish sentiments.

General Dynamics (GD)

Cowen & Co. analyst Cai von Rumohr maintained a Buy rating on General Dynamics today and set a price target of $285.00. The company’s shares closed last Wednesday at $226.88.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 8.0% and a 62.7% success rate. Rumohr covers the Technology sector, focusing on stocks such as Raytheon Technologies, Science Applications, and Caci International.

General Dynamics has an analyst consensus of Strong Buy, with a price target consensus of $287.56, representing a 27.9% upside. In a report issued on January 20, J.P. Morgan also maintained a Buy rating on the stock with a $260.00 price target.

See today’s best-performing stocks on TipRanks >>

Teledyne Technologies (TDY)

Needham analyst James Ricchiuti reiterated a Buy rating on Teledyne Technologies today and set a price target of $498.00. The company’s shares closed last Wednesday at $429.50.

According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 17.0% and a 61.8% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Universal Display, and TTM Technologies.

Teledyne Technologies has an analyst consensus of Strong Buy, with a price target consensus of $501.00.

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