TA Associates: global growth PE spanning technology and four core sectors - Dealroom

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on TSMC (TSM), Manhattan Associates (MANH) and International Business Machines (IBM) with bullish sentiments. TSMC (TSM)Bank of America Securities analyst Haas Liu reiterated a Buy rating on TSMC today and set a price target of $3260.00. The company’s shares closed last Friday at $453.31. Liu has an average return of 22.7% when recommending TSMC. ;'>According to TipRanks.com, Liu is ranked #3103 out of 12533 analysts. Currently, the analyst consensus on TSMC is a Strong Buy with an average price target of $883.00, implying a 90.2% upside from current levels. In a report issued on October 6, Barclays also maintained a Buy rating on the stock with a $665.00 price target. See the top stocks recommended by analysts >>Manhattan Associates (MANH)Manhattan Associates received a Buy rating and a $250.00 price target from Morgan Stanley analyst Chris Quintero yesterday. The company’s shares closed last Friday at $204.89. According to TipRanks.com, Quintero is a 1-star analyst with an average return of -3.3% and a 35.4% success rate.