Analysts Are Increasing Price Targets of These 5 Stocks

02. SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Upside Potential: 47%

SolarEdge Technologies, Inc. (NASDAQ:SEDG) experienced a rally of over 5% on Friday following positive assessments from Bank of America (BofA) and Goldman Sachs. BofA raised its price target for SolarEdge Technologies, Inc. (NASDAQ:SEDG) from $379 to $396 on June 30, while Goldman Sachs stated that the stock’s risk/reward ratio is attractive. The revised price target by BofA indicates an optimistic outlook on SolarEdge Technologies, Inc. (NASDAQ:SEDG) potential performance and suggests that there may be further room for growth. Goldman Sachs’ assessment of SolarEdge Technologies, Inc. (NASDAQ:SEDG) risk/reward being attractive suggests that the potential rewards outweigh the associated risks, making the stock an appealing investment opportunity. The combined positive views from BofA and Goldman Sachs likely generated increased investor interest, leading to a rally in SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares. Investors may consider these assessments as indicators of the company’s potential when making investment decisions.