Analysts Offer Insights on Technology Companies: Salesforce (CRM), Marvell (MRVL) and Alarm (ALRM)
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Salesforce (CRM)
Raymond James analyst Brian Peterson maintained a Buy rating on Salesforce today and set a price target of $375.00. The company's shares closed last Friday at $273.13.
According to TipRanks.com, Peterson is a 5-star analyst with an average return of 12.4% and a 55.0% success rate. Peterson covers the Technology sector, focusing on stocks such as Onestream, Inc. Class A, ZoomInfo Technologies, and Manhattan Associates. ;'>
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Salesforce with a $346.63 average price target, implying a 24.2% upside from current levels. In a report issued on May 12, Jefferies also maintained a Buy rating on the stock with a $375.00 price target.
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Marvell (MRVL)
In a report released today, Srini Pajjuri from Raymond James maintained a Buy rating on Marvell, with a price target of $110.00. The company's shares closed last Friday at $60.69, close to its 52-week low of $53.19.
According to TipRanks.com, Pajjuri is a 5-star analyst with an average return of 16.1% and a 58.7% success rate. Pajjuri covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and ARM Holdings PLC ADR. ;'>
Marvell has an analyst consensus of Strong Buy, with a price target consensus of $97.81, which is a 62.6% upside from current levels. In a report issued on May 19, UBS also maintained a Buy rating on the stock with a $100.00 price target.
Alarm (ALRM)
In a report released today, Adam Tindle from Raymond James maintained a Buy rating on Alarm, with a price target of $80.00. The company's shares closed last Friday at $56.50.
According to TipRanks.com, Tindle is a 4-star analyst with an average return of 6.5% and a 52.9% success rate. Tindle covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, CrowdStrike Holdings, and Motorola Solutions. ;'>
Alarm has an analyst consensus of Moderate Buy, with a price target consensus of $70.57, representing a 26.0% upside. In a report issued on May 15, Maxim Group also reiterated a Buy rating on the stock with a $85.00 price target.
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