There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on DoubleVerify Holdings (DV – Research Report), Sprout Social (SPT – Research Report) and Cognizant (CTSH – Research Report) with bullish sentiments.
DoubleVerify Holdings (DV)
William Blair analyst Arjun Bhatia reiterated a Buy rating on DoubleVerify Holdings on January 17. The company’s shares closed last Monday at $40.37, close to its 52-week high of $42.51.
According to TipRanks.com, Bhatia is a 3-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for DoubleVerify Holdings with a $41.19 average price target, which is a 2.7% upside from current levels. In a report issued on January 9, BMO Capital also initiated coverage with a Buy rating on the stock with a $44.00 price target.
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Sprout Social (SPT)
Needham analyst Scott Berg maintained a Buy rating on Sprout Social on January 19 and set a price target of $75.00. The company’s shares closed last Monday at $62.36.
According to TipRanks.com, Berg is a 1-star analyst with an average return of
Currently, the analyst consensus on Sprout Social is a Strong Buy with an average price target of $67.20, which is an 8.6% upside from current levels. In a report issued on January 12, Barclays also maintained a Buy rating on the stock with a $75.00 price target.
Cognizant (CTSH)
In a report issued on January 19, Sachin Mittal from DBS maintained a Buy rating on Cognizant, with a price target of $82.00. The company’s shares closed last Monday at $77.16, close to its 52-week high of $78.42.
According to TipRanks.com, Mittal is a 5-star analyst with an average return of
Cognizant has an analyst consensus of Hold, with a price target consensus of $76.61, which is a -0.7% downside from current levels. In a report issued on January 11, Jefferies also upgraded the stock to Buy with a $85.00 price target.
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Read More on DV:
- DoubleVerify price target raised to $45 from $39 at JMP Securities
- DoubleVerify price target raised to $44 from $38 at Baird
- DoubleVerify price target raised to $43 from $40 at Barclays
- Salesforce upgraded, Warner Bros. downgraded: Wall Street’s top analyst calls
- BofA starts DoubleVerify with a Buy, sees 32% upside
