Analysts’ Top Technology Picks: Docebo (DCBO), Palo Alto Networks (PANW)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Docebo (DCBO – Research Report), Palo Alto Networks (PANW – Research Report) and Fabasoft AG (FBSFF – Research Report) with bullish sentiments.

Docebo (DCBO)

In a report released today, Kevin Krishnaratne from Scotiabank maintained a Buy rating on Docebo, with a price target of $50.00. The company’s shares closed last Thursday at $44.82, close to its 52-week high of $46.52.

According to TipRanks.com, Krishnaratne is a 3-star analyst with an average return of 4.2% and a 46.4% success rate. Krishnaratne covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Nuvei Corp, and Open Text.

Currently, the analyst consensus on Docebo is a Strong Buy with an average price target of $49.75, which is a 12.6% upside from current levels. In a report issued on November 6, Stifel Nicolaus also maintained a Buy rating on the stock with a $50.00 price target.

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Palo Alto Networks (PANW)

Scotiabank analyst Patrick Colville reiterated a Buy rating on Palo Alto Networks today and set a price target of $301.00. The company’s shares closed last Thursday at $242.59.

According to TipRanks.com, Colville has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -10.4% and a 38.9% success rate. Colville covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, SentinelOne, and Check Point.

Currently, the analyst consensus on Palo Alto Networks is a Strong Buy with an average price target of $281.66, representing a 16.2% upside. In a report issued on October 31, Jefferies also maintained a Buy rating on the stock with a $285.00 price target.

Fabasoft AG (FBSFF)

Warburg Research analyst Hannes Müller maintained a Buy rating on Fabasoft AG today and set a price target of EUR28.00. The company’s shares closed last Monday at $18.17.

According to TipRanks.com, Müller is ranked #6791 out of 8643 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fabasoft AG with a $29.88 average price target.

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