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According to techstockmovers.com, there are a few trending tech stocks that have recently received buy ratings and showing positive investor sentiment, as well as news headlines. With that said, the editors over at techstockmovers.com, are adding the stocks below to their tech stock watchlist. That staff here at financialmarketmovers.com, will continue to monitor these technology companies to see if the momentum continues. FinancialMarketMovers.com is looking into these tickers DAWN, MTDR, AVY, CMC, MNST, RTX and more..
Recent NVDA Stock Price: $271.91
Summary: NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company's focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high performance computing (HPC), gaming and virtual reality (VR) platforms.NVIDIA's GPU success can be attributed to its parallel processing capabilities supported by thousands of computing cores, which are necessary to run deep learning algorithms. The company's GPU platforms are playing a major role in developing multi-billion-dollar end-markets like robotics and self-driving vehicles.NVIDIA is a dominant name in the Data Center, professional visualization and gaming markets where Intel and Advanced Micro Devices are playing a catch-up role. The company's partnership with almost all major cloud service providers (CSPs) and server vendors is a key catalyst.
Kevin Garrigan analyst at Westpark Capital reiterates coverage on Nvidia (NVDA) in the energy sector with a Hold rating and has not provided NVDA's stock price target.
TipRanks.com reports that Nvidia currently has 34 analysts offering 12-month price targets on NVDA and the consensus is a Moderate Buy rating with an average stock price target of $273.09. The most recent NVDA stock price we have is $271.91 and we are not making any NVDA forecasts at this time.
In addition, TradingView issued a Strong Buy rating for NVDA over the next month, Barchart.com has a Strong buy rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on NVDA. financialmarketmovers.com is not recommending this stock, we are just providing you with compiled information.
For the complete breakdown on NVDA, please click here >>
Adobe, ADBE
Recent ADBE Stock Price: $369
Summary: Adobe Inc. is one of the largest software companies in the world. Adobe picks up licensing fees from customers, which form the bulk of its revenue. The company also offers technical support and education, which account for the balance. The company operates through three segments. The Digital Media solutions segment enables small businesses and enterprises to create highly compelling content, deliver it across diverse media through smartphones, tablets, e-readers, and other devices, and then optimize it through systematic targeting and measurement. Within Digital Media, the two major components of revenue are the Creative family of products and Document Services products. The target customers are traditional content creators, web application developers, digital media professionals and user interface designers/developers, writers, videographers and photographers.
Patrick Walravens analyst at JMP Securities reiterates coverage on Adobe (ADBE) in the energy sector with a Hold rating and has not provided ADBE's stock price target.
TipRanks.com reports that Adobe currently has 24 analysts offering 12-month price targets on ADBE and the consensus is a Moderate Buy rating with an average stock price target of $393.55. The most recent ADBE stock price we have is $369 and we are not making any ADBE forecasts at this time.
In addition, TradingView issued a Buy rating for ADBE over the next month, Barchart.com has a Weak buy rating and Yahoo! Finance has a Bearish short-term outlook. Remember, securities are volatile, so please do your own research on ADBE. financialmarketmovers.com is not recommending this stock, we are just providing you with compiled information.
For the complete breakdown on ADBE, please click here >>
Tencent Music Entertainment Group, TME
Recent TME Stock Price: $7.59
Summary: Tencent Music Entertainment Group provides an online music entertainment platform primarily in China. The Company offers online music, recording, and music-centric live streaming services. Tencent Music Entertainment Group is based in Shenzhen, China.
Ellie Jiang analyst at Macquarie reiterates coverage on Tencent Music Entertainment Group (TME) in the energy sector with a Sell rating and has set TME's stock price target at $ 5.1.
TipRanks.com reports that Tencent Music Entertainment Group currently has 11 analysts offering 12-month price targets on TME and the consensus is a Moderate Buy rating with an average stock price target of $8.81. The most recent TME stock price we have is $7.59 and we are not making any TME forecasts at this time.
In addition, TradingView issued a Neutral rating for TME over the next month, Barchart.com has a buy rating and Yahoo! Finance has a Bearish short-term outlook. Remember, securities are volatile, so please do your own research on TME. financialmarketmovers.com is not recommending this stock, we are just providing you with compiled information.
For the complete breakdown on TME, please click here >>
The editors at financialmarketmovers.com use a variety of research tools to generate our watchlists and research reports. One resource you need to consider using Tipranks.com where as a premium member you get access to all buy ratings, price targets and insider trading signals. TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star RankingTM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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