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Analysts Offer Insights on Technology Companies: Embecta Corporation (EMBC), Fastly (FSLY) and Gitlab (GTLB)

Analysts have been eager to weigh in on the Technology sector with new ratings on Embecta Corporation (EMBCResearch Report), Fastly (FSLYResearch Report) and Gitlab (GTLBResearch Report).

Embecta Corporation (EMBC)

In a report released today, Travis Steed from Bank of America Securities maintained a Sell rating on Embecta Corporation, with a price target of $25.00. The company’s shares closed last Thursday at $24.77.

According to TipRanks.com, Steed is a 4-star analyst with an average return of 11.8% and a 64.9% success rate. Steed covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Zimmer Biomet Holdings, and Tandem Diabetes Care.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Embecta Corporation with a $27.00 average price target.

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Fastly (FSLY)

In a report released today, Tal Liani from Bank of America Securities maintained a Buy rating on Fastly, with a price target of $26.50. The company’s shares closed last Thursday at $16.09.

According to TipRanks.com, Liani is a 4-star analyst with an average return of 7.8% and a 56.2% success rate. Liani covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software.

The word on The Street in general, suggests a Hold analyst consensus rating for Fastly with a $17.79 average price target, a 12.6% upside from current levels. In a report issued on June 14, Craig-Hallum also maintained a Buy rating on the stock.

Gitlab (GTLB)

In a report released yesterday, Koji Ikeda from Bank of America Securities maintained a Buy rating on Gitlab, with a price target of $55.00. The company’s shares closed last Thursday at $49.62.

According to TipRanks.com, Ikeda is a 5-star analyst with an average return of 18.3% and a 63.8% success rate. Ikeda covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, ZoomInfo Technologies, and BigCommerce Holdings.

Gitlab has an analyst consensus of Moderate Buy, with a price target consensus of $52.31, which is an 11.9% upside from current levels. In a report issued on June 15, Barclays also reiterated a Buy rating on the stock with a $50.00 price target.

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