Analysts Offer Insights on Technology Companies: CyberArk Software (CYBR), Draganfly (DPRO) and Bitfarms (BITF)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on CyberArk Software (CYBR – Research Report), Draganfly (DPRO – Research Report) and Bitfarms (BITF – Research Report) with bullish sentiments.

Bitfarms (BITF)

In a report released today, Kevin Dede from H.C. Wainwright reiterated a Buy rating on Bitfarms, with a price target of $3.00. The company’s shares closed last Tuesday at $1.13.

According to TipRanks.com, Dede is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -7.2% and a 32.6% success rate. Dede covers the Technology sector, focusing on stocks such as Marathon Digital Holdings, DMG Blockchain Solutions, and AquaBounty Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bitfarms with a $3.67 average price target.

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Read More on CYBR:

• CyberArk initiated with a Buy at Guggenheim
• Piper ups Cisco target but ‘more concerned’ about valuation
• CyberArk price target raised to $190 from $180 at Citi
• CyberArk price target raised to $195 from $185 at Canaccord
• DA Davidson technology analyst to hold an analyst/industry conference call