Further, Vijay Rakesh, a Mizuho (NYSE:MFG) analyst has a “Buy” rating with a price target of $345 on the stock following the solid results. Tech stocks haven’t had a great start to the year due to several reasons driven by the confluence of the macro-level concerns including the high-interest rates and inflation. While there is no quick fix to the supply chain issues, the company will continue to take the necessary steps to ensure that it does not hamper production and sales.